Tsuruha Holdings amends tender offer terms following stock split

Tsuruha Holdings Inc. has released an amendment to its previous announcement regarding AEON Co. Ltd.'s planned tender offer for its shares. This amendment revises the terms of the tender offer due to the effectiveness of a five-for-one stock split by Tsuruha Holdings.

The tender offer price per common share has been adjusted from JPY 11,400 to JPY 2,280. Concurrently, the maximum number of shares AEON Co. plans to purchase has increased from 11,357,170 shares to 57,012,650 shares. This adjustment directly reflects the stock split, ensuring the tender offer terms align with the new share structure.

The maximum number of shares to be purchased remains a provisional figure, subject to final determination based on the latest information available before the tender offer commences. The calculation accounts for shares to be owned by the tender offeror after a share exchange, treasury shares, and shares held by the Welcia Group.