Update : Feb. 12, 2014
[Tokyo Stock Exchange, Inc.]
TSE has taken the Public Announcement Measure as follows.
|1. Company Name||
GFA Co., Ltd.
(Code: 8783, Market Division: JASDAQ Standard)
|2.Date of Public Announcement Measure||
Feb. 10, 2014 (Mon.)
Securities Listing Regulations, Rule 508, Paragraph 1, Item 3
(Due to public announcement being deemed necessary in the case where a listed company violated the provisions of Article 331 of the Companies Act)
GFA Co., Ltd. (hereinafter "the Company") disclosed on February 10, 2014, that a board member had resigned for personal reasons on December 16, 2013, which created a vacancy on the board, and that the Company intends to appoint a new board member at the general shareholders meeting to be held in June 2014.
With this disclosure, it became apparent that the Company fell short of the number of board members prescribed by Article 331, Paragraph 4 of the Companies Act and that it will take a certain period of time until a new board member is appointed.
In consideration of these circumstances this is a case where the provisions of Article 331 of the Companies Act were violated and prompt appropriate response was not taken, thus requiring public announcement. As such, TSE decided to issue a public announcement regarding this case.
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