| June 27, 2017: |
Filing criminal charges against two persons suspected of committing insider trading of the shares of HIMIKO Co., Ltd. «Summary» The SESC filed charges against two persons suspected with the Osaka District Public Prosecutors Office for violation of the Financial Instruments and Exchange Act (the “FIEA”).
Suspect A received information on a material fact concerning HIMIKO Co., Ltd. (“HIMIKO”) listed on JASDAQ operated by Tokyo Stock Exchange, Inc. from Suspect B, who was a director of HIMIKO, around March 3, 2016. Suspect B came to know about it in the course of his/her duty from RISA PARETNERS INC. (“RISA PARTNERS”) around February 18, 2016. The material fact was that the decision-making body on the organization’s business operations of HSH LLC, whose representative partner was RISA PARTNERS, had decided to conduct a tender offer for the shares of HIMIKO.
Between March 7, 2016, and March 17, 2016, prior to the announcement of the material fact, although there is no exemption clause applicable under the FIEA, Suspect A purchased a total of 22,000 HIMIKO shares for a total of 19,889,000 yen under the name of Suspect A via a securities firm.
Suspect B, as mentioned above, who was a director of HIMIKO, came to know about the tender offer in the course of his/her duty from RISA PARTNERS, and informed Suspect A of the material fact around March 3, 2016 prior to the announcement of it for the purpose of making profits for Suspect A by purchasing HIMIKO shares.
Between March 7, 2016, and March 17, 2016, prior to the announcement of the material fact, although there is no exemption clause applicable under the FIEA, Suspect A purchased a total of 22,000 HIMIKO shares for a total of 19,889,000 yen under the name of Suspect A via a securities firm. |
