The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Icreate the acquisition of SoftBank Robotics

18 Jun 2015 11:38

RNS Number : 5682Q
Hon Hai Precision Industry Co Ld
18 June 2015
 

Subject: Announce on behalf of Icreate Investments Limited the acquisition of common stocks of SoftBank Robotics Holdings Corp.

Contents:

1.Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g.dividend yield):

SoftBank Robotics Holdings Corp. Common Stock

2.Date of occurrence of the event:2015/06/18~2015/06/18

3.Volume, unit price, and total monetary amount of the transaction:

3 common stocks, at a per-share price of 4,819,279,303 Japanese Yen, and for a total consideration of 14,457,837,909 Japanese Yen

4.Counterpart to the trade and its relationship to the Company (if the trading counterpart is a natural person and furthermore is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):

SoftBank Robotics Holdings Corp.; Investee company

5.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:

After satisfactions of each conditions precedent of the Share Subscription Agreement, an aggregate subscription amount of 14,457,837,909 Japanese Yen will be paid for subscription of 20% of capital stock of SoftBank Robotics Holdings Corp.

6.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:

The manner and price of this transaction were determined based on and pursuant to the Share Subscription Agreement. Decision on this transaction was made by the Board of Directors.

7.Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges):

3 shares with an amount of 14,457,837,909 Japanese Yen, representing

20% of the total capital stock of SoftBank Robotics Holdings Corp.

The shares are not subject to any restriction of rights.

8.Current ratio of long or short term securities investment

(including the current trade) to the total assets and shareholder's

equity as shown in the most recent financial statement and the

operating capital as shown in the most recent financial statement:

Ratio to total assets: 0.4520%, to shareholder's equity:1.0656%

Operating Capital:NTD$131,936,379,000

9.Concrete purpose or use of the acquisition or disposal:

To develop robotics business

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSFIFSAFISEDM

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.