Brief: Jeans Mate says outcome of ToB offered by Rizap Group; shareholding structure change

RIZAP

14/02/2017 06:57

Feb 14 (Reuters) - Jeans Mate Corp  7448.T  : 
     
    * Says 5,748,809 shares (39.99 percent stake) of Jeans Mate 
Corp were offered in a takeover bid by Rizap Group Inc  2928.SP  
from Jan. 17 to Feb. 13 
    * Acquisition price at 160 yen per share, 920 million yen in 
total 
    * Rizap Group also acquires 24 percent stake of shares in co 
via private placement, and co raises 645 million yen in total 
    * Rizap Group will own totaling 63.99 percent stake in co 
after transactions and to be top shareholder of co, effective on 
Feb. 20 
    * Shareholder Kenji Nishiwaki cuts stake in co to 0 percent 
from 23.61 percent  
    * Shareholder Masashi Nishiwaki cuts stake in co to 0 
percent from 20.23 percent  
    * Shareholding structure changes will occur on Feb. 20 
     
    Source text in Japanese: https://goo.gl/m50wtc 
    Further company coverage: 7448.T  2928.SP  
 
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