Notification of the Result of Tender Offer for Shares of Nihon Kenshi Co., Ltd. and Change in Subsidiary
Posted on: 06 25, 2016
Mipox Corporation (the “Company”) will inform that, on June 24, 2016, it has completed the tender offer (the “Tender Offer”) for the shares of common stock of Nihon Kenshi Co., Ltd. (Code No. 5398 , Tokyo Stock Exchange Second Section) (the “Target Company”), which commended May 16, 2016 and ended on June 24, 2016. The Tender Offer was attached with the condition that the Company would not purchase any of the tendered share certificates if the aggregated number of the tendered share certificates did not fulfill the minimum number to be acquired (5,784,000 shares). However, as the aggregate number of the tendered share certificates (8,805,856 shares) exceeded the minimum number to be acquired (5,784,000 shares), the Company will purchase all of the tendered share certificates.
The Company also hereby announces that, as a result of the Tender Offer, the Target Company is expected to become a consolidated subsidiary of the Company as of July 1, 2016 (commencing date of settlement period).