Brother Industries : (Discontinuance of Disclosed Matters) Announcement on Non-Implementation of Tender Offer for Shares of Roland DG Corporation (Security Code 6789)
May 16, 2024 at 04:20 am EDT
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May 16, 2024
To whom it may concern:
Company Name:
Brother Industries, Ltd.
Representative:
Ichiro Sasaki,
Representative Director & President
(Securities Code: 6448 TSE Prime, NSE Premier)
Inquiries:
Toshihiro Ito, Senior Managing Executive Officer
(TEL: 052-824-2075)
(Discontinuance of Disclosed Matters) Announcement on Non-Implementation of Tender Offer for Shares of
Roland DG Corporation (Security Code 6789)
Brother Industries Ltd. ("Brother") announced its plan to commence a tender offer (the "Tender Offer") for the common shares ("Target Company Shares") of Roland DG Corporation (the "Target Company") in the "Announcement on Scheduled Commencement of Tender Offer for Shares of Roland DG Corporation (Security Code 6789)" dated March 13, 2024. Subsequently, Brother announced in the "Announcement on Progress of Tender Offer for Shares of Roland DG Corporation (Security Code 6789)" dated May 9, 2024 that it decided as of the same date that it would not increase the tender offer price for the Tender Offer from 5,200 yen.
According to the "Notice Concerning Results of Tender Offer for the Company Shares by XYZ K.K. and Change to Largest Shareholder as Parent Company and Major Shareholder" published by the Target Company on May 16, 2024, the number of shares tendered in the XYZ K.K. tender offer for the Target Company Shares (the "XYZ Tender Offer") exceeded the minimum number of the Target Company Shares to be purchased in the XYZ Tender Offer, and XYZ K.K. will purchase all of the tendered shares.
As the non-completion of the XYZ Tender Offer (including the situation where the XYZ Tender Offer is ongoing) was set out as a condition precedent to the commencement of the Tender Offer, and it has become clear that such condition precedent will not be fulfilled, Brother hereby announces that the Tender Offer will not be implemented.
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16 May 2024 and is solely responsible for the information contained therein. Distributed by
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Brother Industries Ltd is a Japan-based company mainly engaged in the manufacture and sale of office equipment and supplies. The Company operates in six business segments. The Printing and Solutions segment manufactures and sells communication and printing equipment like printers, multifunction devices and electronic stationery, among others. The Personal and Home segment is engaged in the manufacture and sale of household sewing machines. The Machinery segment manufactures and sells industrial sewing machines, garment printer, machine tools, reducers and gears, among others. The Network and Contents segment is involved in the manufacture, sale and service of commercial karaoke equipment, as well as the provision of contents delivery services. The Domino segment is engaged in the manufacture and sale of industrial printing equipment. The Others segment is involved in the real estate business.
Brother Industries : (Discontinuance of Disclosed Matters) Announcement on Non-Implementation of Tender Offer for Shares of Roland DG Corporation (Security Code 6789)
BROTHER INDUSTRIES, LTD. 
