Results of Tender Offer by Yahoo Japan Corporation (Securities Code: 4689) and Results of the Tender by the Company's Subsidiary to the Tender Offer
As announced on May 8, 2019 (“Issuance of New Shares through a Third-Party Allotment and Acquisition of Shares through Tender Offer by Subsidiary Yahoo Japan Corporation, and Tender in the Tender Offer by a Subsidiary”), Yahoo Japan Corporation (Securities Code: 4689 First Section of the Tokyo Stock Exchange; “Yahoo Japan”), a subsidiary of SoftBank Group Corp. (“SBG”), commenced a self-tender offer to acquire its own shares (the “Tender Offer”) since May 9, 2019. As the Tender Offer ended on June 5, 2019, SBG announces the results as per the attached.
SoftBank Group Japan Corporation, a wholly-owned subsidiary of SBG, tendered its holdings of Yahoo Japan's common shares. As a result, 1,792,819,200 of these shares will be sold to Yahoo Japan for JPY 287 per share, as announced by SBG below.
Overview of the Results of the Tender Offer
| (1) Number of shares indirectly held by SBG before the Tender Offer | 2,448,266,500 shares |
|---|---|
| (2) Number of shares to be sold as a result of the Tender Offer | 1,792,819,200 shares |
Unless otherwise specified, all procedures relating to the Tender Offer shall be conducted entirely in Japanese. While some or all of the documentation relating to the Tender Offer will be prepared in English, if there is any inconsistency between the English documentation and the Japanese documentation, the Japanese documentation will prevail.
This press release contains “forward-looking statements” as defined in Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the U.S. Securities Exchange Act of 1934. Known or unknown risks, uncertainties and other factors could cause actual results to differ substantially from the projections and other matters expressly or impliedly set forth herein as “forward-looking statements.” Neither Yahoo Japan or SBG, nor any of its affiliates, assures that such express or implied projections set forth herein as “forward-looking statements” will eventually prove to be correct. The “forward-looking statements” contained in this press release have been prepared based on the information held by Yahoo Japan or SBG as of the date hereof and, unless otherwise required under applicable laws and regulations, neither Yahoo Japan or SBG, nor any of its affiliates, assumes any obligation to update or revise this press release to reflect any future events or circumstances.
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