Last Updated: 2011.10.18
Major Fast Retailing shareholder assigns company stock for social action programs
FAST RETAILING CO., LTD.
to Japanese page
Fast Retailing Co., Ltd. has been informed of a personal decision by the company's president, chairman and CEO and the company's largest single shareholder, Tadashi Yanai, to assign his stake holding to TTY Management B.V.
We have been informed that TTY Management B.V. is an asset management company fully-owned by Fast Retailing President, Chairman and CEO, Tadashi Yanai. The aim of the stock assignment is to enable TTY Management B.V., as the ongoing holder of the Fast Retailing stock, to use the dividend resources to implement consistent, far-reaching global social action programs.
1. TTY Management B.V. Overview
- (1) Business name: TTY Management B.V.
- (2) Business location: Amsterdam, Kingdom of the Netherlands
- (3) Business representative: Tadashi Yanai, Director
- (4) Main operation: Asset holding and management
2. Shares to be assigned
- (1) Number of shares: 5,310,000 shares (5.2% of overall voting rights)
- (2) Transaction date: October 18, 2011
3. Future outlook
We have been informed that the stock has been assigned as a long-term holding, with TTY Management B.V. as a stable shareholder, in order to facilitate the management of Tadashi Yanai's assets and the implementation of social action programs. This assignment will not affect the management structure of the Fast Retailing Group or its business performance.
