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Jun. 04, 2021 TSE Decision on Delisting, etc.: WATABE WEDDING CORPORATION

 

TSE has decided on delisting and designation as Securities to Be Delisted as follows.

1.Delisting and Designation as Securities to Be Delisted

(1)Issue Name WATABE WEDDING CORPORATION stock
(Code: 4696, Market Division: 1st Section)
(2)Period of Designation as Securities to Be Delisted From Mar. 31, 2021 (Mon.) to Jun. 27, 2021 (Sun.)
(3)Delisting Date Jun. 28, 2021 (Mon.)
(Note) In cases where circumstances in which the company should be promptly delisted occur, TSE may change the period of designation as Securities to Be Delisted and the delisting date.
(4)Provision Securities Listing Regulations, Rule 601, Paragraph 1, Item (7) the first sentence and Item (18)-3
(due to falling under a case where a listed company falls into a situation equivalent to one where it becomes necessary to enter bankruptcy proceedings, rehabilitation proceedings or reorganization proceedings on the basis of the provisions of laws , and where the company implements a reverse stock split with a split ratio at which the number of all the shares owned by shareholders other than a specified party will be less than one share)
(5)Reason On May 27, 2021, WATABE WEDDING CORPORATION (hereinafter "the Company") obtained agreement from the creditors of the Company on the cancellation of debt, worth more than ten-hundredths (10/100) of the total amount of debt of the Company as of the end of the most recent business year, on the condition of issuance of new shares (hereinafter "the new shares") to Kowa Company, Ltd. (unlisted) through a third-party allotment. Similarly, an agenda item regarding a reverse stock split where the ratio at which the number of shares held by the shareholders (excluding Kowa Company, Ltd.) of the Company will be less than one share was approved, on the condition of the issuance of the new shares, at the general shareholders meeting of the Company held on May 28, 2021.
As the new shares were issued on May. 31, 2021, said cancellation of debt and reverse stock split have become effective as of Jun. 1, 2021 and Jun. 30, 2021, respectively.

2.Exclusion from Securities in Lieu of Money

The stock of the Company will be excluded from securities in lieu of money for the following items from Jun. 1, 2021 (Tue.) inclusive.
- Customer margin for margin transactions and when-issued transactions
- Trading margin for when-issued transactions
- Trading participant security money
- Participant bonds

DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Tokyo Stock Exchange, Inc. and/or Japan Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.

Enquiry

Tokyo Stock Exchange, Inc. Listing Department, Corporate Disclosure Office, Planning & Coordination, Listed Company Services
TEL:+81-3-3666-0141(Switchboard)


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