TOKYO, Japan, September 5, 2016 – Further to the Tokyo Stock Exchange announcements listed below, SoftBank Group Corp. (“SBG”) is pleased to announce that the Scheme of Arrangement in respect of the recommended acquisition (the “Acquisition”) of ARM Holdings plc (“ARM”) by SBG came into effect on September 5, 2016 (GMT), and that the entire issued and to be issued share capital of ARM is now owned by SBG and its wholly-owned subsidiaries. Pursuant to the terms of the Acquisition, SBG purchased all of ARM's issued and to be issued shares (excluding any ARM shares already owned by SBG or an SBG subsidiary) for cash, for a total acquisition price amounting to approximately GBP 24.0 billion (approximately USD 31.0 billion or JPY 3.3 trillion).
Subsequent to the completion of the Acquisition, ARM will be delisted from the London Stock Exchange as of September 6, 2016 (GMT) and will cease to be a listed company. The financial results of ARM will be consolidated and reflected in SBG's consolidated financial statements after the acquisition date of September 5, 2016. SBG will announce the impact of the consolidation once it is verified.
Capitalised terms in this announcement, unless otherwise defined, have the same meanings as set out in the Scheme Document.
Overseas Jurisdictions Terms and Forward Looking Statements are omitted