eBOOK Initiative Japan CO.,LTD. (TSE:3658) announced a private placement of 400,200 treasury shares at ¥1,150 per share and 127,800 common shares at ¥850 per share for total gross proceeds of ¥568,860,000 on August 12, 2016. The transaction will include participation from a returning investor, Yahoo Japan Corporation (TSE:4689). The company will issue shares through third party capital increase.

The application period will be from August 29, 2016 to September 11, 2016. The payment date of treasury shares is from September 5, 2016 to September 12, 2016. The payment date of common shares is September 5, 2016.

The company will incur issuance expenses including various issue costs includes securities registration statement creation expenses, legal expenses, advisory expenses, and other expenses of ¥2,000,000 and receive net proceeds of ¥458,230,000.