Update : Dec. 15, 2011
[Tokyo Stock Exchange, Inc.]
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
|1. Issue Name||
VANTEC CORPORATION stock
(Code: 9382, Market Division: 1st Section)
|2. Period of Designation as Security Under Supervision (Confirmation)||From Dec. 15, 2011 (Thu.) to the day when TSE determines whether the company has fallen under the delisting criteria|
Enforcement Rules for Securities Listing Regulations, Rule 605, Paragraph 1, Item 21
(due to falling under making an announcement, etc. that the company will acquire all shares)
VANTEC CORPORATION (hereafter "the Company") announced its decision today to become a wholly-owned subsidiary of Hitachi Transport System, Ltd. (Code: 9086, Market Division: 1st Section). In this announcement, the Company has disclosed that it is scheduled to put forth the following items in the agenda at the general shareholders meeting to be held in the future.
(1) Changing the Company to a company that issues classified shares as specified in the Companies Act;
(2) Attaching a clause for acquiring all common shares that are issued by the Company; and
(3) In return for acquiring all stocks of the Company, allotment of other stocks of the Company (as a result, cash payment is scheduled).
If the above agenda (1) to (3) are approved in a resolution at the general shareholders meeting of the Company, stocks of the Company will be delisted. As such, TSE deems that it is likely that the stocks of the Company will be delisted, and designates such stocks as Securities Under Supervision (Confirmation).
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