News releaseMay 14
Notification of Share Buyback
Tokyo, May 14, 2019 – PHC Holdings Corporation (headquarters: Tokyo, Japan) announces that, at the Board of Directors Meeting held on May 14, the company has agreed to buy back PHCHD’s 15,348,237 shares from Kohlberg Kravis Roberts (KKR) and Panasonic Corporation. The purchase amount accounts for 13.7% of the total number of issued shares.
This share buyback is subject to approval at the Extraordinary Shareholders Meeting that will be held by the end of July of 2019.
Assuming the successful close of PHC Holdings’ proposed strategic capital alliance with Life Science Institute, Inc. that was recently announced and the completion of this share buyback, KKR will own approximately 52.0% of PHCHD, Mitsui 22.0%, LSII 13.7%, and Panasonic Corporation 12.3%.
About PHC Holdings Corporation
Incorporated in 2014, PHC Holdings Corporation is a global healthcare company. Its subsidiaries include PHC Corporation and Ascensia Diabetes Care Holdings AG. Committed to its corporate mission, “We contribute to the wellbeing of society through our diligent efforts by creating new value for all the people who wish for better health,” the company develops, manufactures, sells and services across global diabetes care, diagnostics, life sciences and domestic healthcare solutions businesses with global distribution of products and services for more than 125 countries.
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