Stmnt re Delisting
December 13 2001 - 2:00AM
UK Regulatory
RNS Number:5526O
Asahi Bank Ld
12 December 2001
THE ASAHI BANK, LTD.
INTENTION TO DELIST FROM THE LONDON STOCK EXCHANGE
On October 26, 2001, The Asahi Bank, Ltd. (the "Bank") announced its intention
to delist its common stock from the London Stock Exchange and SWX Swiss Stock
Exchange prior to the proposed management consolidation with The Daiwa Bank,
Limited, The Kinki Osaka Bank, Limited and The Nara Bank, Limited (the "Daiwa
Bank Group"). The management consolidation between the Bank and the Daiwa Bank
Group will be achieved by way of a share exchange ("kabushiki koukan" under the
Japanese Commercial Code) between the Bank and Daiwa Bank Holdings, Inc.
("DBH"), a new holding company which will be established by the Daiwa Bank
Group, in which all of the shares of the Bank will be exchanged for shares to be
issued by DBH subject to the relevant resolutions and approvals. As a result,
the Bank will be a 100% subsidiary of DBH and common shares of the Bank shall be
delisted under the rules of each stock exchange on which the Bank's shares are
now listed.
Thus, the Bank is now applying for delisting from the London Stock Exchange.
The Bank also intends to delist its common shares from the Tokyo Stock Exchange
and Osaka Securities Exchange, which will be officially announced later.
Proposed timetable
Close of business, Bank's listing withdrawn
Thursday, February 14, 2002 from London
Close of business, Bank's listing withdrawn
Friday, February 22, 2002 from Tokyo and Osaka
Friday, March 1, 2002 Listing of DBH new shares effective
on Tokyo and Osaka
Friday, March 1, 2002 Share exchange
("kabushiki koukan")
For further information please contact:
The Asahi Bank, Ltd.
Planning Department
Koju Murota
Manager
Telephone: +81-3-5223-6666
Facsimile: +81-3-5223-2795
e-mail: kmurota@asahibank.co.jp
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