Premium Water Holdings,Inc. (TSE:2588) agreed to acquire additional 10.45% stake in Last One Mile Co.,Ltd. (TSE:9252) from Nozomi Shimizu for ¥190 million on July 15, 2022. Premium Water Holdings will pay ¥680 cash per share. In a related transaction, Shiken Akizuki agreed to acquire additional 5.8% stake in Last One Mile Co.,Ltd. from Nozomi Shimizu for approximately ¥100 million on July 15, 2022. Prior to this transaction, Premium Water holds approximately 5.97% stake in Last One Mile and post completion, will own approximately 16.4% stake in it. The transaction is expected to close on July 25, 2022.

Premium Water Holdings,Inc. (TSE:2588) completed the acquisition of additional 10.45% stake in Last One Mile Co.,Ltd. (TSE:9252) from Nozomi Shimizu on July 25, 2022.