North Pacific Bank,Ltd.
Notice Regarding the Result of the Tender Offer for Shares of Career Bank Co., Ltd. (Securities Code: 4834) and Change of Subsidiary
Acquired 852,487 shares (85.84% voting rights ownership) through the tender offer, with an acquisition value of JPY 1,496 million. Career Bank Co., Ltd. is scheduled to become a consolidated subsidiary as of April 28, 2026.
Key Figures
- Number of Shares Acquired: 852,487 shares (85.84% voting rights ownership)
- Acquisition Value: JPY 1,496 million
- Tender Offer Period: March 4, 2026 – April 21, 2026 (34 business days)
AI要約
Regarding the Result of the Tender Offer
Hokuyo Bank, Ltd. acquired 852,487 shares in the tender offer for shares of Career Bank Co., Ltd., conducted from March 4 to April 21, 2026. Since the number of shares tendered exceeded the lower limit of 638,000 shares set in the tender offer, the bank purchased all tendered shares. The purchase price was JPY 1,755 per share, with a total acquisition value of JPY 1,496 million. Consequently, the tender offeror's voting rights ownership ratio increased significantly from 2.42% to 88.26%.
Change of Subsidiary and Future Outlook
As a result of this tender offer, Career Bank Co., Ltd. is scheduled to become a consolidated subsidiary of Hokuyo Bank as of April 28, 2026. The tender offeror plans to initiate squeeze-out procedures aiming for delisting of the target shares, which is expected to lead to delisting from the Sapporo Securities Exchange’s main market. Details regarding the subsequent procedures will be discussed with the target company and promptly disclosed once decided.
Hokuyo Bank, Ltd.
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