Conclusion of Final Agreement
Regarding the Consolidation
through Establishment of
a Joint Holding Company
May 23,2023
Riken Corporation | Nippon Piston Ring Co., Ltd. |
President and Representative Director, | President and Representative Director |
CEO & COO |
Yasunori Maekawa | Teruo Takahashi |
Riken Corporation (RIKEN) and Nippon Piston Ring Co., Ltd. (NPR) will consolidate our operations to contribute to the achievement of a sustainable society. *
The Consolidation is planned to come into force on October 2, 2023, subject to approval at each company's Ordinary General Meeting of Shareholders to be held on June 23, 2023.
Conclusion of Final Contract Regarding the Consolidation
2
I.
II.
III.
Contents
Consolidation Scheme, etc. Purposes of the Consolidation Synergies through the Consolidation
Conclusion of Final Contract Regarding the Consolidation
3
I. Consolidation
Scheme, etc.
4
I. Consolidation Scheme, etc.
Summary of the Consolidation
NPR-RIKEN CORPORATION, a joint holding company, is
formed by means of mutual stock transfer
Current status
Riken | NPR |
Share | Share |
holders | holders |
After the Consolidation
Current RIKEN | Current NPR |
Shareholders | Shareholders |
NPR-RIKEN
CORPORATION
100%100%
▼Assumed schedule (planned) June 23, 2023 | From October 2, 2023 (scheduled) | ||
September 28, | October 02, 2023 | ||
May 23, 2023 (today) | (scheduled) | 2023 (scheduled) | (scheduled) |
Conclusion of final | Ordinary General | • Effective date of the | |
Agreement regarding | Shareholders' Meeting | Tokyo Stock | |
share transfer | |||
the Consolidation and | (Resolution to approve | Exchange (TSE) | |
• The joint holding | |||
preparation of the | proposals regarding the | delisting date | |
company shares listing | |||
stock transfer plan | Consolidation) | ||
date | |||
Conclusion of Final Contract Regarding the Consolidation
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Disclaimer
Nippon Piston Ring Co. Ltd. published this content on 23 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2023 01:25:09 UTC.