General Announcement::Toray Signs Share Purchase Agreement for Purchase of Shares in TenCate Advanced Composites Holding

Issuer & Securities

Issuer/ Manager
TORAY INDUSTRIES, INC.
Securities
TORAY YEN50B CB190830 - XS1069938741 - 10GB
TORAY YEN50B CB210831 - XS1069939392 - 10HB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
09-Jul-2018 12:01:35
Status
New
Announcement Sub Title
Toray Signs Share Purchase Agreement for Purchase of Shares in TenCate Advanced Composites Holding
Announcement Reference
SG180709OTHRV9L0
Submitted By (Co./ Ind. Name)
Yoshitaka Shimazu
Designation
Manager, Finance Dept.
Description (Please provide a detailed description of the event in the box below)
Toray Industries, Inc. (headquarters: Chuo-ku, Tokyo; President: Akihiro Nikkaku; hereinafter referred to as "Toray") has announced in its press release titled "Toray to Purchase TenCate Advanced Composites Holding B.V." issued on March 15, 2018 that it had reached an agreement with Koninklijke Ten Cate B.V. (headquarters: Netherlands; hereinafter referred to as "KTC") to purchase the entire share of its subsidiary TenCate Advanced Composites Holding B.V. (headquarters: Netherlands, a Dutch carbon fiber composite material manufacturer). Following the completion of the discussions with the Works Council, as stipulated by Dutch laws, Toray today announced that it concluded the share purchase agreement with KTC on July 8th, 2018.

The completion of the acquisition is based on the premise of receiving approval from the relevant regulatory authorities and Toray plans to announce it once all procedures are completed without delay.

Attachments

TORAY Disclosure_July 9_2018.pdf
Total size =116K