Press Release
スポーツベット入金不要ボーナス JERA Co., Inc. Succeeds Fuel Transportation and Trading Business by Company Spin-Off
June 25, 2015スポーツベット入金不要ボーナス Co.,Inc.
スポーツベット入金不要ボーナス would like to announce that it decided to conclude an absorption-type split agreement ("the Spin-Off") with JERA Co., Inc. ("JERA") to have JERA succeed スポーツベット入金不要ボーナス's fuel transportation and trading business ("the Business").
1 Purpose of company spin-off
On February 09, 2015, スポーツベット入金不要ボーナス and Tokyo Electric Power Company, Incorporated ("TEPCO") agreed on the formation of a comprehensive alliance. We entered into a Joint Venture Agreement to jointly establish a new company that will take an integrated approach to implement fuel procurement, upstream investment, transportation, trading, and other fuel-related business for both companies, as well as new development or replacement business involving domestic and international power stations. Upon the conclusion of the Agreement, スポーツベット入金不要ボーナス decided to have JERA, a new company established on April 30, 2015, succeed the Business.
2 Summary of company spin-off
The Business covered by スポーツベット入金不要ボーナス will be transferred under a company spin-off (i.e., Absorption-type split where スポーツベット入金不要ボーナス is the company spinning off a business and JERA is the succeeding company).
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Conclusion date of absorption-type split agreement |
July 01,2015 (scheduled) |
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General meeting of shareholders deciding whether to approve absorption-type split agreement (JERA) |
the beginning of September ,2015(scheduled) |
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Date in which the absorption-type split will take effect |
October 01, 2015 (scheduled) |
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Spin-off considerations |
4,500,000 JERA common shares |
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Business succeeded by the succeeding company |
Fuel transportation and trading business undertaken by スポーツベット入金不要ボーナス |
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Rights and obligations succeeded by the succeeding company |
JERA will succeed スポーツベット入金不要ボーナス's rights and obligations associated with the Business. JERA will not succeed any debts by the Spin-Off. |
*スポーツベット入金不要ボーナス will carry out the Spin-Off without approval of the general meeting of shareholders, in pursuant to Article 784, Paragraph 2 (simple spin-offs) of the Company Law.