Fujitsu General to consolidate shares, delist from Tokyo Exchange

Fujitsu General Limited announced plans for a share consolidation at a ratio of 11,530,250 to 1, reducing the total number of issued shares from 104,699,900 to just 9. This action, contingent on shareholder approval at an Extraordinary General Meeting on July 29, aims to make Paloma Rheem Holdings and Fujitsu Limited the sole shareholders. As a result, the company's shares will be designated for delisting between July 29 and August 18, and officially delisted on August 19, ceasing trading on the TSE Prime Market. Alongside the consolidation, the company will abolish provisions related to share units and amend its Articles of Incorporation. The consolidation follows Paloma Rheem Holding's successful tender offer, where it acquired 46.56% of the company's shares, with a tender offer price set at JPY 2,808 per share.