On 26 February 2008, the board of directors at SOKKIA CO LTD resolved to conduct a series of measures to make itself fully subsidized by TOPCON CORP, which owns 93.82% of the outstanding stocks of SOKKIA as of September 30, 2008 through the tender offer held from 11 December 2007 to 29 January 2008.
SOKKIA is scheduled to propose the series of measures at the Annual General Meeting of Shareholders to be held at the end of June 2008.
If such a proposal is approved at the General Meeting of Shareholders, it will constitute an event for TSE to delist the stock issue. TSE assigned SOKKIA CO LTD to “Securities under Supervision” to fully inform the public of the risk. It would be likely that the stock issue will be delisted.
Local stock exchanges normally allow shares to be traded for a month as Securities to be Delisted” even after they decide to delist shares. Such shares are to be delisted immediately after the one month period is over.