Report of Foreign Issuer (6-k)
October 17 2016 - 6:09AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2016
Commission File Number: 001-37821
LINE
Corporation
(Translation of registrants name into English)
Shibuya Hikarie, 27th Floor
21-1 Shibuya 2-chome
Shibuya-ku, Tokyo 150-8510, Japan
(Address of principal executive office)
Indicate by
check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F
X
Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
|
|
LINE Corporation
|
|
|
(Registrant)
|
|
|
Date: October 17, 2016
|
|
By: /s/ In Joon Hwang
|
|
|
(Signature)
|
|
|
|
|
Name: In Joon Hwang
|
|
|
Title: Director and Chief Financial Officer
|
October 17, 2016
Company: LINE Corporation
Representative: Takeshi Idezawa, CEO
Stock Code: 3938 (First section of the Tokyo Stock Exchange)
Update to Previous Disclosure: Notice Regarding Investment in Snow Corporation
LINE Corporation previously announced, via Notice Regarding Investment in Snow Corporation dated September 29, 2016, its decision to acquire
ordinary shares newly issued by Snow Corporation (Headquarters: Gyeonggi-do, Korea; Representative Director: Kim Chang Wook; hereinafter Snow) through a third-party allotment. LINE Corporation announces that it has entered into a share
subscription agreement with Snow today .
1. Number of Acquired Shares, Acquisition Price and Shareholding Status Before and After Acquisition
|
|
|
|
|
(1) Shares of
Snow owned prior to transfer
|
|
0 shares
(Percentage of stock ownership: 0.0%)
(Percentage of voting
rights ownership: 0.0%)
|
|
|
(2) Acquired
shares
|
|
Ordinary shares: 113,333 shares
(Number of shares with voting rights: 113,333)
(Percentage of
stock ownership: 25%)
(Percentage of voting rights ownership: 25%)
|
|
|
(3) Acquisition
price
|
|
Approximately KRW 50 billion (approx. 4.6 billion
yen)
|
|
|
(4) Shares of
Snow owned after transfer
|
|
Ordinary shares: 113,333 shares
(Number of shares with voting rights: 113,333)
(Percentage of
stock ownership: 25%)
(Percentage of voting rights ownership: 25%)
|
|
|
(5) Appointment
of executives, etc.
|
|
LINE Corporation will be entitled to nominate a
number of members to Snows board of directors in proportion to its percentage of total stock ownership.
|
|
Note: Yen conversion rate for the acquisition price is based on the exchange rate in effect as of October 11, 2016.
|
|
2. Timeline for this Investment
|
|
|
(1) Resolution by
the board of directors
|
|
September 29, 2016
|
|
|
(2) Signing of share
subscription agreement
|
|
October 17, 2016
|
|
|
(3) Scheduled
payment
|
|
October 2016 (expected)
|
Note: For further details regarding this investment, see Notice Regarding Investment in Snow Corporation dated
September 29, 2016.
LINE (NYSE:LN)
Historical Stock Chart
From Mar 2024 to Apr 2024
LINE (NYSE:LN)
Historical Stock Chart
From Apr 2023 to Apr 2024