Update : Jul. 31, 2013
[Tokyo Stock Exchange, Inc.]
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
|1. Issue Name||
TAIYO CO., LTD stock
(Code: 9949, Market Division: 2nd Section)
|2.Period of Designation as Security Under Supervision (Confirmation)||From Jul. 31, 2013 (Wed.) 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 18
(due to falling under a case where a resolution related to a stock swap was adopted at a board of directors meeting)
At the board of directors meeting held today, TAIYO CO., LTD (hereafter "the Company") adopted a resolution which indicated approval of a takeover bid by Seiwasanko Co., Ltd (Unlisted) for shares of the Company.
The Company has disclosed that, after the completion of the takeover bid, it will carry out a stock swap involving cash payment and make the Company a wholly-owned subsidiary of the acquirer.
If the stock swap, which will involve cash payment and make the Company a wholly-owned subsidiary, is approved by a resolution at a general shareholders meeting of the Company (if approval at a general shareholders meeting is not required, where it is approved by a resolution of the board of directors), 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).
DISCLAIMER: This translation may be used for reference purposes only. 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. This translation is subject to change without notice. Tokyo Stock Exchange, 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, misunderstanding, or changes with regard to this translation.
Tokyo Stock Exchange, Inc.
Planning & Coordination, Listed Company Services