This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Riken and NPR assume no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.
November 28, 2022 | |
Company: | Nippon Piston Ring Co., Ltd. |
Representative: President and Representative Director | |
Teruo Takahashi | |
(Code: 6461 TSE Prime Market) | |
Contact: | Operating Officer, General Manager |
Corporate Planning Department | |
Eiichi Chiyo | |
(TEL. +81-48-856-5014) | |
Company: | Riken Corporation |
Representative: President, CEO & COO | |
Yasunori Maekawa | |
(Code: 6462 TSE Prime Market) | |
Contact: | General Manager, Corporate Planning Div., |
Corporate Management Head Office | |
Tenya Mitsuboshi | |
(TEL. +81-3-3230-3911) |
Notice Regarding the Schedule for the Consolidation of Nippon Piston Ring Co., Ltd. And Riken Corporation
As announced in the press release dated July 27, 2022, "Conclusion of a Memorandum of Understanding concerning Consolidation through the establishment of a joint holding company (stock transfer) between Nippon Piston Ring Co., Ltd. and Riken Corporation," Nippon Piston Ring Co., Ltd. (NPR) and Riken Corporation (Riken) have entered into a basic agreement to establish a joint holding company formed by means of mutual stock transfer (hereinafter the "Share Transfer") and to consolidate the two companies on equal terms (hereinafter the "Consolidation"), and specific discussions and deliberations are underway for the Consolidation.
In consideration of the time required for the business combination review by the Japan Fair Trade Commission, which is a prerequisite for the Consolidation, the two companies have changed the schedule for the Consolidation as follows. The new schedule will be promptly announced as soon as it is finalized.
The two companies will continue discussions and deliberations with the aim of realizing the Consolidation as early as possible.
1
Before the change | After the change | |
Conclusion of final contract regarding the | November 2022 (Scheduled) | TBD |
Consolidation | ||
Extraordinary General Shareholders' Meeting | January 2023 (Scheduled) | TBD |
(Resolution to approve the Share Transfer) | ||
Date of delisting from Tokyo Stock Exchange | March 30, 2023 (Scheduled) | TBD |
(TSE) | ||
Effective date of the Share Transfer | April 3, 2023 (Scheduled) | TBD |
2
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Nippon Piston Ring Co. Ltd. published this content on 28 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2022 06:14:02 UTC.