Market News
Jun. 26, 2024 TSE Expected Market Segment Transfer: GMO AD Partners Inc.
TSE hereby announces that a market segment transfer of a Standard Market-listed company is expected.
*This is based on the results of the decision on whether a company is a "substantial surviving company" indicated below Note 1 by Japan Exchange Regulation.
| １．Issue Name | GMO AD Partners Inc. stock (Code: 4784, Market Segment: Standard Market) |
| ２．Change | Transfer of market segment from Standard Market to Prime Market |
| Reason (Related Clause) |
Falling under cases where a Standard Market-listed company carries out an absorption-type merger of a company listed on another market segment, etc., and TSE deems that said company is not a substantial surviving company, and where TSE is expected to transfer its market segment from the Standard Market to a market segment where the substantial surviving company was listed (Securities Listing Regulations, Rule 309, Paragraph 1) |
| ３．Details of Reason | GMO AD Partners Inc. (hereinafter "the Company") has announced on Jun. 25, 2024 that the Company will succeed part of the business of GMO internet group,Inc. (Code: 9449, Market Segment: Prime Market) through an absorption-type company split (hereinafter "the absorption-type company split"), which, among other issues, will be subject to the approval of general shareholders meetings of both companies. If the absorption-type company split is conducted, TSE will transfer the market segment of the Company to the Prime Market on which GMO internet group,Inc. is listed on the effective date (planned) of the absorption-type company split. |
Note 1: The decision on whether a company is a "substantial surviving company" is not a decision on the nature of the business or on business continuity of said company. The decision is made based on overall consideration of matters such as (i) management performance and financial status, (ii) executive officer composition and business management organization, (iii) shareholder composition, (iv) trade name or company name, and (v) other matters that are deemed to have a material impact on the listed company due to the action in question. In general, it is a comparison of superiority of the companies involved in terms of scale, etc.
Note 2: One week prior to the effective date, TSE will decide on and announce the market segment transfer.
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.
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