Management integration through a share exchange with The Tohoku Bank
First written in FY2022-Q1. 1 of 3 entries say "Restated". Latest entry: FY2022-Q3.
No other company in this theme has enough history to compare yet.
- FY2022-Q3DroppedAnnual report
「At a meeting of the Board of Directors held on 10 February 2022, the Company resolved to mutually terminate the basic agreement concerning business integration with THE TOHOKU BANK,LTD.」
Regarding the business integration plan with THE TOHOKU BANK,LTD. through a share exchange, the Company resolved to mutually terminate the basic agreement on the grounds that executing the definitive agreement had become difficult, thereby withdrawing the previous integration plan. - FY2022-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 2 July 2021, the Company resolved to enter into a basic agreement with THE TOHOKU BANK,LTD. to discuss and consider pursuing business integration, and executed the basic agreement. Subject to approval by the shareholders of both companies and the necessary approvals and other authorizations from the relevant authorities, the companies will discuss and consider conducting a share exchange by approximately 1 October 2022, under which the Company will become the wholly owning parent company and THE TOHOKU BANK,LTD. the wholly owned subsidiary.」
Regarding business integration with THE TOHOKU BANK,LTD., the Company reaffirmed the basic agreement executed on 2 July 2021 and the share exchange plan targeting 1 October 2022. No new completion milestone was provided. - FY2022-Q1First statedAnnual report
「With 1 October 2022 as the target date, subject to obtaining shareholder approval from both companies and the necessary approvals and other authorizations from the relevant authorities, the Company will conduct a share exchange under which it will become the wholly owning parent company and THE TOHOKU BANK,LTD. will become the wholly owned subsidiary.」
On 2 July 2021, the Company entered into a basic agreement with THE TOHOKU BANK,LTD. to advance their existing comprehensive business alliance toward business integration through a share exchange. The plan contemplated 1 October 2022 as the effective date, subject to execution of a definitive agreement, shareholder approval, regulatory approvals and due diligence. An integration preparation committee was established on 29 July 2021.