Nippon Television : Notification of Foreign Ownership Shares Ratio
October 19, 2018 at 02:38 am EDT
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October 19, 2018
Nippon Television Holdings, Inc.
(TSE 9404)
Notification of Foreign Ownership Shares Ratio
As of September 30, 2018, foreign entities (defined as ① an individual without Japanese citizenship, ② a foreign government or its representatives, ③ a foreign juridical person or organization, or ④ a juridical person or organization whose ratio of voting rights held directly by the entity described in items ① to ③ is higher than the ratio specified by MIC ordinance) owned 19.99% of total Nippon Television Holdings, Inc. (NTVHD) shares outstanding with voting rights. Details are as follows:
1. Foreign ownership shares as of September 30, 2018
Foreign ownership of NTVHD shares (A: number of votes)
048,162,671
(481,563)
Total issued number of NTVHD shares (B: number of votes)
263,822,080 (2,407,818)
Ratio of foreign ownership of NTVHD shares
(A / B x 100)
00019.99%
2. Date of publication: October 20, 2018 Morning edition of The Yomiuri Shimbun
For reference:
Certified broadcasting holding companies will have their certification revoked by Broadcasting Law if foreign entities (defined as ① an individual without Japanese citizenship, ② a foreign government or its representatives, ③ a foreign juridical person or organization, or ④ a juridical person or organization whose ratio of voting rights held directly by the entity described in items ① to ③ is higher than the ratio specified by MIC ordinance) own 20% or more of the company's shares with voting rights.
For this reason, when the foreign ownership ratio approaches 20%, in accordance with Broadcasting Law Articles 161, companies may deny requests from foreign entities for registration of shares in the shareholders' registry. Furthermore, Certified broadcasting holding companies are required to announce every six months when foreign ownership of shares with voting rights amounts to 15% or more of total shares outstanding with voting rights, according to Article provided in 116-5 that is applied mutatis mutandis to Article 161-2 of Broadcast Law and Broadcast Law Ministerial Ordinance Article 203.
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Nippon Television Holdings Inc. published this content on 19 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 October 2018 06:37:01 UTC
Nippon Television Holdings, Inc. is a certified broadcast holding company. The Company operates in three business segments. The Content Business segment is engaged in the sale of television advertising frames, the licensing of program contents, the production and publication of movies, the organizing of events, mail order business and the publishing and sale of publications, program broadcasting operations, homepage design and Website operation, as well as advertising and marketing business, among others. The Real Estate Leasing segment leases offices and commercial tenants and lands, and provides building management services. The Company is also engaged in ecology related business, the operation of stores and other businesses.