Update : Apr. 26, 2011
[Tokyo Stock Exchange, Inc.]
An Improvement Report has been made available for public inspection as follows.
|1. Company Name||
(Code: 8992, Market Division: Mothers)
|2.Public Inspection Period||From Apr. 27, 2011 (Wed.) to Apr. 26, 2016 (Tue.)|
Securities Listing Regulations, Rule 502, Paragraph 4
(Public Inspection of Improvement Report)
|3.Reason for Submission||
On Oct. 15, 2010 (Fri.), J-REP CO., Ltd. (hereinafter "the Company") expressed agreement with regard to the takeover bid which aimed to make the Company a wholly-owned subsidiary of the takeover bidder. At the same time, the Company disclosed its recommendation to shareholders to subscribe to the takeover bid. However, the Company announced a decision against the takeover bid on Apr. 12, 2011 (Tue.).
This was a case of insufficient disclosure arising from deficiency in the system or framework in the Company for performing disclosure on significant transactions, etc. with a controlling shareholder. Therefore, TSE requested the Company to submit a report containing the background to this insufficient disclosure and improvement measures of such system or framework.
DISCLAIMER: This translation may be used only for reference purposes. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. Tokyo Stock Exchange, Inc., Tokyo Stock Exchange Group, Inc., and/or Tokyo Stock Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, or misunderstanding with regard to this translation.
Tokyo Stock Exchange, Inc.
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