Japan Exchange Group Inc.

04/25/2024 | Press release | Distributed by Public on 04/25/2024 00:13

Apr. 25, 2024TSE Addition of Reason for Designation of Securities Under Supervision (Confirmation): GOODSPEED.CO.,LTD.

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Apr. 25, 2024 TSEAddition of Reason for Designation of Securities Under Supervision (Confirmation): GOODSPEED.CO.,LTD.

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TSE has added a reason for designating an issue as Securities Under Supervision (Confirmation) as follows.

１．Issue Name GOODSPEED.CO.,LTD. stock
(Code: 7676, Market Segment: Growth Market)
２．Date of Addition of
　　Reason for Designation
 Apr. 24, 2024 (Wed.)
　　Additional Reason for
　　Designation
　　(Related Clause) 		Due to falling under a case where a special controlling shareholder has made an announcement, etc. equivalent to disclosing information regarding a decision that it makes to demand the sale of shares, etc.
(Enforcement Rules for Securities Listing Regulations, Rule 604, Paragraph 1,
Item (23))
３．Details of Reason The stock of GOODSPEED.CO.,LTD. (hereinafter "the Company") has been designated as a Security Under Supervision (Confirmation) due to the announcement made by the Company on Mar. 1, 2024 of approval of a takeover bid (including plans for a subsequent delisting of the Company's shares through a share consolidation) to be made by Usami Koyu Corp. (hereinafter "the bidder").
On Apr. 24, 2024, the Company announced that it would change its plan regarding the procedures for delisting after the completion of the takeover bid: while originally it planned a share consolidation, it now plans either a share consolidation or for the bidder to make a demand for a share, etc. cash out. The Company also made clear that it would not change its stance of approving the takeover bid after this change of procedures.
If the Company approves this demand, the shares of the Company will be delisted. For this reason, TSE deems that the stock of the Company is likely to be delisted and adds this to the reasons for designation as a Security Under Supervision (Confirmation).

DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Tokyo Stock Exchange, Inc. and/or Japan Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.

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