Nippon Paint : (Developments related to previously disclosed information) Notice of Completion of Acquisition of Shares of DP JUB delniška družba pooblaščenka d.d.
June 31, 2022 at 07:42 pm EDT
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Investor Relations (IR)2022.06.01
(Developments related to previously disclosed information) Notice of Completion of Acquisition of Shares of DP JUB delniška družba pooblaščenka d.d.
June 1, 2022
Company:Nippon Paint Holdings Co., Ltd.Representative:Yuichiro Wakatsuki
Director, Representative Executive Officer & Co-President
Wee Siew Kim
Director, Representative Executive Officer & Co-President
(Code No.: 4612; TSE Prime)Contact:Ryosuke Tanaka
General Manager, Investor Relations and Sustainability
(TEL +81-50-3131-7419)
(Developments related to previously disclosed information)
Notice of Completion of Acquisition of Shares of
DP JUB delniška družba pooblaščenka d.d.
Nippon Paint Holdings Co., Ltd. (NPHD) is announcing that it completed the acquisition and payment on May 31, 2022 for the shares of DP JUB delniška družba pooblaščenka d.d., a manufacturer of decorative paints, ETICS (External Thermal Insulation Composite System) and other paint-related products in Central and Eastern Europe, and its subsidiaries to make them indirectly owned subsidiaries of NPHD (the "Acquisition"). Regarding this transaction, we earlier announced our commitment to carry out the Acquisition in "Notice of Acquisition of Shares of DP JUB delniška družba pooblaščenka d.d. by Our Indirectly Owned Subsidiary (Conversion to an Indirectly Owned Subsidiary)" on October 29, 2021.
1. Number of shares transferred, acquisition price, and status of shareholdings before and after the transfer
(1) Number of shares held before the transfer
DP JUB delniška družba pooblaščenka d.d.：0 shares (0.0%)
JUB kemična industrija d.o.o.：0 shares (0.0%)
(2) Number of shares transferred
DP JUB delniška družba pooblaščenka d.d. 30,504 shares
*1 JUB kemična industrija d.o.o. is a limited liability company. After the share transfer, NPHD will own 12.12% of business shares in the company and DP JUB delniška družba pooblaščenka d.d. will own 87.70% of shares in the company.
*2 The acquisition price is calculated using the exchange rate of EUR 1.0 = JPY 131.05
2. Outlook
The impact of the Acquisition on our earnings and financial position for the fiscal year ending December 31, 2022 is currently under close examination. Should any matter that requires disclosure arise in the future, we will disclose appropriately and in a timely manner.
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Nippon Paint Holdings Co. Ltd. published this content on 01 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 23:41:08 UTC.
Nippon Paint Holdings Co Ltd is a company mainly engaged in the manufacture and sale of coating materials and fine chemicals products. The Company is involved in the manufacture and sale of paint for automobile-, general- and industrial-uses, as well as fine chemicals. The Company operates in four business segments. The Japan segment conducts paint for automobile-, general- and industrial-uses, as well as fine chemicals business. The Asia segment conducts paint for automobile-, general- and industrial-uses, as well as fine chemicals business in China Singapore, Malaysia, Thailand, Korea, Southeast Asian countries, India. The Oceania segment conducts paint business, such as paint for general-, industrial-uses, and paints peripheral businesses. The Americas segment conducts paint for automobile business and contruction coating materials business.
Nippon Paint : (Developments related to previously disclosed information) Notice of Completion of Acquisition of Shares of DP JUB delniška družba pooblaščenka d.d.
NIPPON PAINT HOLDINGS CO., LTD. 
