Result of Tender Offer
February 28 2003 - 2:05AM
UK Regulatory
RNS Number:1083I
Mizuho Holdings Inc
28 February 2003
Announcement of Result of the Tender Offer
Mizuho Bank, Ltd. "MHBK"), a wholly-owned subsidiary of Mizuho Holdings, Inc.
("MHHD"), adopted a resolution to make a tender offer ("Offer") for common
shares of Mizuho Investors Securities Co., Ltd. ("Target Company") in the
meeting of the board of directors held on February 5, 2003 and executed the
Offer from February 7, 2003 to February 27, 2003.
MHHD has announced the result of the Offer as follows.
Summary of the Offer
1. Name of the Offerer
Corporate name: Mizuho Bank, Ltd.
Head office: 1-5 Uchisaiwai-cho 1-chome,
Chiyoda-ku, Tokyo
Representative; Tadashi Kudo, President & CEO
2. Outline of the Offer (announced on February 5, 2003)
(1) Name of the Target Company: Mizuho Investors Securities Co., Ltd.
(2) Type of Shares to be Purchased: Common shares
(3) Period of the Offer: From February 7, 2003 to February 27, 2003 (21 days)
(4) Purchase Price: 89 yen per share
3. Result of the Offer
(1) Result of application:
Number of Shares to be Purchased: 338,295,000
Number of Shares Applied: 338,295.000
Number of Shares Purchased: 338,295,000
(2) Consequence of the Offer:
Number of Shareholders Applying: 1
Number of Shares Applied: 338,295,000
Number of Shares Purchased: 338,295,000
Number of Shares to be Returned: 0
Since the number of the shares applied is 338,295,000, which is equal to the
number of shares to be purchased, MHBK will purchase all of the shares
applied.
(3) Change of MHBK's Ownership after the closing of the Offer;
(Before) The number of voting rights: 338,296 (27.57%)
(After) The number of voting rights: 676,591 (55.14%)
Note: Entire voting rights of the Target Company: 1,226,945
(4) Funding for the Offer: 30,161 million yen
4. Means and Start Date of Settlement of the Offer
(1) Name and Head Office of the Securities Company which Makes Settlement
of the Offer:
Mizuho Investors Securities Co., Ltd.
13-16 Nihonbashi-Kayaba-cho 1-chome, Chuo-ku, Tokyo
(2) Start Date of Settlement: March 6, 2003
(3) Means of Settlement:
Soon after closing of the Offer, a confirmation of the Offer will be sent
by mail to an address of the applying shareholder. (If the shareholder is
a foreign investor, it will be sent to an address of its standing proxy.)
Cash transaction will be used in settlement of the Offer. At the
instruction of the applying shareholder, settlement will be made either by
remittance from Mizuho Investors Securities Co., Ltd. to the designated
account or by payment at the head office or any branch of Mizuho Investors
Securities Co., Ltd. in Japan promptly after the start date.
5. Outlook for Future
As a result of this transaction, MHBK will become a direct parent company of
the Target Company. MHBK aims to achieve further improvement of profitability
by enhancing synergistic collaboration between banking and securities
business. In addition, the transaction will have no effect on MHHD's
previously announced earnings estimate for this fiscal year since both MHBK
and the Target Company are subsidiaries of MHHD.
This information is provided by RNS
The company news service from the London Stock Exchange
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