Business
Tadano : Notice Concerning Buy-up of Shares of Tadano Ltd. an Act Equivalent to a Tender Offer Specified by the Cabinet Order
Tadano : Notice Concerning Buy-up of Shares of Tadano Ltd. an Act Equivalent to a Tender Offer Specified by the Cabinet
About this update from Tadano Ltd.
[{"type":"text","content":"\n \n Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.\n \n c\n July 7, 2025\n \n \n \n Company name: Tadano Ltd.\n \n \n Representative: Toshiaki Ujiie\n \n \n President, CEO, and Representative Director (Securities code: 6395 Prime Market of Tokyo Stock Exchange)\n \n \n Inquiries: Noriaki Yashiro\n \n \n Director and Managing Executive Officer (Telephone: +81-87-839-5601)\n \n \n Notice Concerning Buy-up of Shares of Tadano Ltd. (Securities Code: 6395)\n an Act Equivalent to a Tender Offer Specified by the Cabinet Order\n \n \n TADANO LTD. (the \"Company\") received today a notice from Japan Activation Capital, Inc. (Representative Director & CEO: Hiroyuki Otsuka) that it will acquire the Company's shares through funds it manages as described below.\n \n \n The Company hereby makes this announcement as the said acquisition will be an acquisition of 5% or more of total voting rights, and thus falls under the category of \"buy-up of shares as an act equivalent to a tender offer\", as defined in Paragraph 1, Article 167 of the Financial Instruments and Exchange Act and Article 31 of the Order for Enforcement of the Financial Instruments and Exchange Act (\"Enforcement Order\").\n \n This announcement is being made based on the request from Japan Activation Capital, Inc. (acting on behalf of the acquirer of shares) to the Company (issuer of the shares subject to the buy-up) and in accordance with Item 4, Paragraph 1, Article 30 of the Enforcement Order.\n \n \n 1. Code\n \n \n 6395\n \n \n 2. Name of the issuer\n \n \n Tadano Ltd.\n \n \n 3. Number of shares to be acquired\n \n \n 14,000,000\n \n \n 4. Date of acquisition of shares\n \n \n July 7, 2025\n \n \n 5. Voting rights ratio\n \n \n 11.02%\n \n \n 6. Remarks\n \n \n The above shares will be acquired by Japan Activation Capital I L.P., Japan Activation Capital\n \n \n II L.P. and JAC Joint Investment Fund No. 4 Investment Limited Partnership, which are funds\n \n \n managed by Japan Activation Capital, Inc.\n \n Note: 1. The above mentioned voting rights ratio is calculated based on the total number of voting rights of 1,270,465 as of December 31, 2024, which is derived by deducting 2,453,855 non-voting s...