News Release
FY2024
April 26, 2024
JX Advanced Metals Corporation
Notice Regarding Changes to Purchase Conditions Pertaining to the Tender Offer for Shares of TATSUTA Electric Wire and Cable Co., Ltd. (Securities Code: 5809)
JX Advanced Metals Corporation (the "Tender Offeror") is conducting a tender offer for common shares (the "Target Company Shares") of TATSUTA Electric Wire and Cable Co., Ltd. (Code Number: 5809, Prime Market of the Tokyo Stock Exchange, Inc.; the "Target Company") (the "Tender Offer") starting June 21, 2024, and on July 26, 2024, in order to increase the probability of a successful completion of the Tender Offer, considering the details of the "Financial Summary for the Three Months Ended June 30, 2024" published by the Target Company on July 26, 2024, it decided to (i) change the purchase price per Target Company Share under the Tender Offer from 720 yen to 780 yen and (ii)extend the purchase period for the Tender Offer to August 19, 2024 to set the total number of business days at 40. In connection therewith, the Tender Offeror hereby announces that it will partially change the content stated in the "Notice Regarding Commencement of Tender Offer for Shares of TATSUTA Electric Wire and Cable Co., Ltd. (Securities Code: 5809)" dated June 20, 2024 (including matters amended by the "Notice Regarding an Extension of the Tender Offer Period Pertaining to the Tender Offer for Shares of TATSUTA Electric Wire and Cable Co., Ltd. (Securities Code: 5809)" dated July 19, 2024), as follows. Changes are as underlined.
(1) Purchase period
(Before change)
From June 21, 2024 (Friday) until August 2, 2024 (Friday) (30 business days).
(After change)
From June 21, 2024 (Friday) until August 19, 2024 (Monday) (40 business days).
(2) Tender offer price
(Before change)
720 yen per common share
(After change)
780 yen per common share
(3) Commencement date of settlement
(Before change)
August 9, 2024 (Friday)
(After change)
August 26, 2024 (Monday)
For specific details of the changes above, please see the amended statement to the tender offer registration statement to be submitted by the Tender Offeror today in connection with the changes of terms and conditions for the Tender Offer.
Furthermore, the Tender Offeror has decided that the tender offer price after the change will be the final price and that it will not make any changes to the tender offer price in the future.
End