Update : Aug. 03, 2012
[Tokyo Stock Exchange, Inc.]
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
|1. Issue Name||
SONTON FOOD INDUSTRY CO.,LTD. stock
(Code: 2898, Market Division: 2nd Section)
|2. Period of Designation as Security Under Supervision (Confirmation)||From Aug. 3, 2012 (Fri.) 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)
At the board of directors meeting held today, SONTON FOOD INDUSTRY CO.,LTD. (hereafter "the Company") adopted a resolution which indicated approval of the takeover bid by Daisho Limited (Unlisted) for shares of the Company.
The Company has disclosed that it is scheduled to put forth the following items in the agenda at a general shareholders meeting after the completion of the takeover bid by the bidder.
(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 common shares of the Company, allotting a different class of shares in 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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