Business & Investment

Cancellation (confirmation) of designation of securities under supervision: PiPEDO HD, Inc.

November 16, 2021 TSE
Cancellation (confirmation) of designation of securities under supervision: PiPEDO HD, Inc.

The designation of supervised securities (confirmation) will be canceled as follows.

No. 1 name PiPEDO HD, Inc.stock
(Code: 3919, Market Sector: Section 1)
Cancellation date (confirmation) of designation of securities under supervision Wednesday, November 17, 2021
Regulations Securities Listing Rule, Rule 601, Paragraph 1, Item (18) -3
(Because it was not applicable when the company carried out a reverse stock split at a split ratio in which the number of all shares owned by shareholders other than a specific party was less than one share)
Reason reason September 30, 2021, PiPEDO HD, Inc. Mirai Saitech Group Co., Ltd. (unlisted) (hereinafter referred to as “bidder”) has announced the approval of the acquisition bid for the Company’s shares (hereinafter referred to as “acquisition bid”). “), With the intention of delisting our shares thereafter.
The Company also resolved to conduct a tender offer for share buyback (“Tender Offer”) after the bidder’s takeover bid has been completed.
In addition, after the completion of the purchaser’s takeover bid and the Company’s tender offer, the Company has announced at a general meeting of shareholders that it will request the submission of an agenda item for a reverse stock split accompanied by a reverse stock split. The ratio of shares held by our shareholders, excluding bidders and other shareholders, to less than one share.
Therefore, based on this announcement, TSE has determined that the Company’s shares may be delisted and has designated the shares as securities (confirmation).
Today, TSE has decided to revoke the designation of the supervisory securities (confirmation) of the Company’s shares because the Company announced the default of the acquisition bid.

Disclaimer: This translation is for reference purposes only. This English version is not an official translation of the original Japanese document. If there is a difference between the English version and the original Japanese version, the Japanese version will take precedence. This translation is subject to change without notice. The Tokyo Stock Exchange and / or the Japan Exchange Regulation shall not be liable individually or jointly for any damages or losses caused by any errors, inaccuracies, misunderstandings, or changes in this translation.

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Cancellation (confirmation) of designation of securities under supervision: PiPEDO HD, Inc.

https://www.jpx.co.jp/english/news/1023/20211116-11.html Cancellation (confirmation) of designation of securities under supervision: PiPEDO HD, Inc.

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