TSE News

Expansion of daily price limits (preliminary notice) -CAVE Interactive CO.,LTD.-

Update : Dec. 12, 2013

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[Tokyo Stock Exchange, Inc.]

 
The trading conditions of CAVE Interactive CO.,LTD. (Code: 3760) on the TSE market today and on the previous business day have fallen under the following (1) or (2) for two consecutive days. TSE wishes to bring to your attention that if the trading condition of the issue continues to fall under (1) or (2) on the next business day (December 13), TSE will expand only its lower daily price limit.

(1) The lower daily price limit is reached and trading volume is 0 without conducting allocation at the lower daily price limit
(2) Trading volume remains at 0 shares until the end of the afternoon session, trades are executed at the lower daily price limit at the close of the afternoon session with offers remaining at the lower daily price limit.

(Note) Other listed markets: N/A

(Reference) Criteria for expansion of daily price limits
The daily price limits will be expanded on the following business day if either of the following conditions is met for three consecutive business days.
(1) The upper (or lower) daily price limit is reached and trading volume is 0 without conducting allocation at the upper (or lower) daily price limit
(2) Trading volume remains at 0 shares until the end of the afternoon session, trades are executed at the upper (or lower) daily price limit at the close of the afternoon session with bids (or offers) remaining at the upper (or lower) daily price limit.

TSE will return the daily price limits to normal when there is a trade executed at a price other than the limit price that was subject to expansion.

Contact

Tokyo Stock Exchange, Inc.
Equities Department
Tel: +81-3-3666-0141

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