Basic agreement and share exchange for management integration with 株式会社福岡中央銀行
First written in FY2023-Q2. 3 of 6 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2024-Q3.
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- FY2024-Q3Cited as achievedAnnual report
「Effective 1 October 2023, the Company conducted a share exchange under which it became the wholly owning parent company in the share exchange and 株式会社福岡中央銀行 became the wholly owned subsidiary in the share exchange.」
The completion of the management integration with 株式会社福岡中央銀行 through a share exchange was reconfirmed in the business combination notes for the third quarter. The stated objective of the integration is to contribute to the sustainable development of the regional economy through the Group’s collective capabilities. - FY2024-Q2AchievedAnnual report
「Effective 1 October 2023, the Company conducted a share exchange under which it became the wholly owning parent company in the share exchange and 株式会社福岡中央銀行 became the wholly owned subsidiary in the share exchange.」
The Company stated, as a material subsequent event after the filing, that it completed the management integration with 株式会社福岡中央銀行 through a share exchange effective 1 October 2023. The voting rights ratio after the acquisition was 100%. - FY2024-Q1AdvancedAnnual report
「株式交換による経営統合 involving 株式会社福岡中央銀行 was approved at the ordinary shareholders’ meeting and the class meeting of common shareholders held on 29 June 2023.」
The management integration with 株式会社福岡中央銀行 through a share exchange was approved at the other company’s ordinary shareholders’ meeting and the class meeting of common shareholders. The effective date is scheduled for 1 October 2023. - FY2023AdvancedAnnual report
「At meetings of their respective boards of directors held on 14 March 2023, the two companies resolved to carry out a management integration through a share exchange with an effective date of 1 October 2023, subject to obtaining approval at the shareholders’ meeting of 株式会社福岡中央銀行 and authorization from the relevant authorities, and entered into a share exchange agreement on the same date.」
Management integration with 株式会社福岡中央銀行 progressed from the basic agreement and discussion stage to a Board of Directors resolution on 14 March 2023 and the execution of a share exchange agreement. The effective date is scheduled for 1 October 2023. - FY2023-Q3AdvancedAnnual report
「As part of the management integration, the two companies will discuss and consider conducting, around 1 October 2023 and subject to obtaining the necessary approval at shareholders’ meetings and permits and approvals from the relevant authorities, a share exchange under which the Company will become the wholly owning parent company and 株式会社福岡中央銀行 will become its wholly owned subsidiary. The Company has determined that, following the integration, 株式会社福岡銀行 and 株式会社福岡中央銀行 under the Company’s umbrella will pursue business development drawing on their respective strengths, thereby contributing to achievement of the objectives of the integration, and therefore does not plan to merge the two banks.」
The Company disclosed further details of the integration plan under the basic agreement with 株式会社福岡中央銀行, including the share exchange structure, the target date of 1 October 2023 and the policy of leveraging both banks’ strengths without merging them. - FY2023-Q2First statedAnnual report
「At meetings of their respective boards of directors held on 11 November 2022, the Company and 株式会社福岡中央銀行 resolved to reach a basic agreement aimed at achieving management integration and entered into a basic agreement. Subject to obtaining the necessary approval at shareholders’ meetings and permits and approvals from the relevant authorities, the companies will discuss and consider conducting a share exchange around 1 October 2023 under which the Company will become the wholly owning parent company and 株式会社福岡中央銀行 will become its wholly owned subsidiary.」
The Company initially disclosed its plan for management integration with 株式会社福岡中央銀行, including the execution of a basic agreement in November 2022 and discussions on a share exchange targeted for 1 October 2023. It also indicated a policy of leveraging the strengths of both banks without merging them.