Business & Investment

Designation (confirmation) of supervisory securities: Sakai Obex Co., Ltd.

February 9, 2021 TSE
Designation (confirmation) of supervisory securities: Sakai Obex Co., Ltd.

TSE has designated the issuance as a supervisory securities (confirmation) as follows.

No. 1 name Sakai Obex Co., Ltd. shares
(Code: 3408, Market Sector: Section 1)
Designated period as securities under supervision (confirmation) From February 9, 2021 (Tuesday) to the date when TSE determines whether it meets the delisting criteria
Provisioning Enforcement Regulations of Securities Listing Regulations, Rule 605, Paragraph 1, Item (21) -2 and Item (21) -3 of the same paragraph
(Because it corresponds to the case where the special controlling shareholder makes an announcement equivalent to disclosing information regarding the decision to request the sale of shares, etc., or when the board of directors resolves) Owned by a shareholder other than a specific party In the case of a reverse stock split with a split ratio in which the number of all shares is less than one share)
Reason reason Today, Sakai Obex Co., Ltd. (“Company”) has indicated that Sakai Textile Co., Ltd. (unlisted) (“Bidder”) has approved a bid to acquire the Company’s shares, assuming that it will be delisted thereafter. is.
We made the following announcements.
(1) If the bidder acquires 90% or more of the total voting rights of the Company and the acquisition bid is completed, the bidder will request the sale of all the remaining shares.And
(2) If the purchaser fails to acquire 90% or more of the total voting rights of the Company and the takeover bid is completed, the purchaser will request the Company to submit it at the general meeting of shareholders after the end of the takeover bid. , The agenda for a stock split based on a split ratio in which the number of shares held by our shareholders other than bidders is less than one.
In the case of (1) above, if the Company approves the request, the Company’s shares will be delisted. In the case of (2) above, if the agenda is approved by a resolution of the General Assembly of the Company, the shares of the Company will be delisted. Therefore, based on this announcement, TSE has determined that there is a possibility of delisting and has designated the shares as supervisory securities (confirmation).

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 damage or loss resulting from any errors, inaccuracies, misunderstandings, or changes relating to this translation.

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Designation (confirmation) of supervisory securities: Sakai Obex Co., Ltd.

https://www.jpx.co.jp/english/news/1023/20210209-13.html Designation (confirmation) of supervisory securities: Sakai Obex Co., Ltd.

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