Notice Regarding Nidec Corporation’s Board Resolution on Selection for TSE’s New “Prime Market” Segment
Nidec Corporation announced on October 3, 2021, that it has satisfied the listing criteria for the Tokyo Stock Exchange's (TSE) new Prime Market segment. The Company received an initial assessment confirming its compliance on July 9, 2021. Subsequently, the board resolved to apply for the Prime Market listing as the TSE transitions to stricter criteria. Nidec will adhere to the TSE application schedule moving forward.
- Nidec confirmed compliance with TSE's stricter listing criteria.
- Board approved application for listing on the Prime Market.
- None.
KYOTO, Japan, Oct. 04, 2021 (GLOBE NEWSWIRE) -- On July 9, 2021, Nidec Corporation (the “Company”) received an initial assessment result from the Tokyo Stock Exchange (TSE) regarding the listing criteria for the bourse's new market segments, which confirmed that the Company fulfilled the requirements for listing on the bourse's main Prime Market board.
Based on these results, the Company's board of directors resolved at its meeting held on October 3, 2021 to select to list on the Prime Market as the TSE transitions to three new market segments with tighter listing criteria, and to submit the relevant applications.
Going forward, the Company will adhere to the prescribed procedures stipulated in the TSE application schedule.
Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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