Description of Public Tender Offer
Name of target company:
Tokyo Metallic Communications Corp.
As part of the broadband strategy of our group, DTH Marketing Corporation, which is a company in our group, will on the basis of our company’s direction make an amicable public tender offer to increase its shareholding percentage of the target company which became a subsidiary under the recent public tender offer, and with the consent of its board of directors.
Type of share certificates, etc., for which the public tender offer is to be made:
Par value common shares (par value of ¥50,000 per share)
Period of offer, offered price and number of shares expected to be purchased:
Period: August 6, 2001 (Monday) through September 3, 2001 (Monday)
Price: ¥50,000 per share
Number of shares: 10,904 shares (projected purchase volume)
Percentage of ownership of share certificates, etc., on the part of the public tender offerer after the tender offer, as well as the percentage of ownership of share certificates, etc., specially related persons on the date of public notice of commencing the public tender offer, and total thereof:
Percentage of ownership of share certificates, etc., on the part of the public tender offerer, after the tender offer: 100%
Percentage of ownership of share certificates, etc., on the part of specially related persons on the date of public notice of commencing the public tender offer None
Total 100%
Existence of consent target company or its directors in connection with the public tender offer:
The target company has consented to the offer.
Funds required for the offer: ¥561.7 million
Future plans, etc.
We are continuing to study the optimum business structure for our purposes of the earliest completion of our broadband strategy.
