Details are as follows. Following the acquisition of shares, Gifu landscape architect will become an equity-method affiliate of the Company.
This share acquisition falls under 'acts specified by Cabinet Order as being equivalent to a Tender Offer' as stipulated according to Article167 Paragraph 1 of the Financial Instruments and Exchange Act and Article 31 of the Order for Enforcement of the Financial Instruments and Exchange Act. This news release constitutes notification to the
Reason for the share acquisition
Gifu landscape architect specializes in exterior construction and landscaping and boasts strengths in exterior-related construction management, design, knowledge and technical capabilities developed over its 95-year history. The company provides exteriors, landscaping and greening for all manner of spaces where people and nature interact, from those found at individually owned housing to public spaces. The Company and Gifu landscape architect formed a business alliance in
The Company has concluded agreements, effective today, for the transfer of shares from Gifu landscape architect's current shareholders to the Company through off-market negotiated transactions. Specifically, these agreements are for the transfer of 140,000 shares from
As a result of this share acquisition, combined with its existing holdings of 300,000 shares, the Company's total holdings of Gifu landscape architect's shares will increase to 655,500 shares (with 6,555 voting rights), representing 20.47% (rounded to the second decimal place) of the 32,026 total voting rights of all Gifu landscape architect shareholders as of
Forecast
As a result of this acquisition, Gifu landscape architect will become an equity-method affiliate of the Company from the current fiscal year (the year ending
Contact:
Mr.
Email: info-ir@qz.sekisuihouse.co.jp
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