[2005-05-30] - Index issues a 3rd party allocation of shares
- Rights secured for the FIFA World Cup 2006 ① Index Corporation conducts a third party allocation of new shares among seven companies (including key-commercial broadcast centers based in Tokyo).
② Index succeeds in acquiring video distribution rights to the “2006 FIFA World CupTM” for the Internet and mobile terminals within Japan.
Resulting from the board meeting held on May 30, 2005, Index Corporation (President: Yoshimi Ogawa; head office: Setagaya-ku, Tokyo; hereinafter referred to as “Index”), a global provider of mobile and media services, has decided to make a third party allocation of shares among seven companies that include key commercial broadcast centers based in Tokyo. The participating companies, as a basic principle, will handle the allocations as long-term investments to ensure the strengthening of business relations.
Furthermore, as part of capitalizing on the rising popularity and value of sports content, Index has succeeded in acquiring video distribution rights to internet and mobile terminals within Japan for the “2006 FIFA World Cup TM,” one of the world’s premiere sporting events. Index has secured the rights to “transmit images of matches by IP fragmentation,” which enables domestic users to access highlights from each game through the Internet and mobile terminals immediately following game play. Index will be aggressively utilizing these rights to extend the distribution reach of the company’s official mobile sites and Internet by tying up with media channels such as TV networks and SKY Perfect Communications Inc. (a pay-TV enterprise that has concluded a capital tie-up agreement with Index). Detailed business developments will be announced as soon as they are determined.
As the fusion of broadcasting and communication fields accelerate, the Index Group will drive to strengthen relationships with strategic partner enterprises (especially broadcasting networks), and endeavor to break new ground through innovative business cooperation. Index will also push business expansion with the proactive acquisition, and effective use of large-scale content.
[Participating companies and value of third-party allocation of shares]
SKY Perfect Communications Inc. ,999,804,000 (44,052 stocks)
Fuji Television Network Inc. ,999,902,000 (22,026 stocks)
TOKYO BROADCASTING SYSTEM Inc. ,599,993,000 (15,859 stocks)
Nippon Television Network Corporation 9,935,000 (4,405 stocks)
GENTOSHA INC. 9,400,000 (2,200 stocks)
TV Asahi Corporation 9,795,000 (1,585 stocks)
Forecast Communications Inc. ,400,000 (200 stocks)
Total: ,504,229,000 (90,327 stocks)
[Future business opportunities with companies participating in the third-party allocation of shares]
Index and SKY Perfect Communications Inc. may be pursuing the following business:
· Cooperative efforts using contents acquired by Index, pay-broadcasting, and collaborative projects with mobile and broadband media.
Fuji Television Network Inc., TOKYO BROADCASTING SYSTEM Inc., Nippon Television Network Corporation, TV Asahi Corporation and Index will be in discussions over the following:
· Planning, development, and administration of official mobile sites
· Promotion of real-time viewing through the improvement of collaborative programs developed by the 5 main Tokyo based TV networks, and joint company TeMo Inc.
· Increase membership in official mobile sites
· Activity in areas where broadcasting and mobile media unite, such as 1-segment broadcasting (digital terrestrial broadcasting for mobile terminals), which is scheduled to start next spring
GENTOSHA INC. and Index will be approaching the following fields:
· Planning, development and administration of official mobile sites
· Employment of GENTOSHA INC content on digital media
· Collaborative efforts in areas such as animation production
Index and Forecast Communications Inc. aim to cooperate on the following:
· Planning, development and administration of Nippon Television Network Corporation’s official mobile site
[Purpose of procurements from third-party allocation of shares.]
After subtracting various issue costs of 100 million yen (rough estimate) from the new shares issue price of 20,504 million yen, 6,000 million yen is planned for new media related businesses, 5,000 million yen for investment and allocation to affiliated companies for reinforcing group strength in mobile and broadband markets, and 4,000 million yen to content development. The remainder will be applied to operating funds.
[Stockholder composition and possession ratio after third-party allocation of shares.]
1. Masami Ochiai 199,240 Stocks 21.19％
2. Mitsubishi Corporation 60,376 Stocks 6.42％
3. Yoshimi Ogawa 53,524 Stocks 5.69％
4. Japan Trustee Services Bank, Ltd. (trust account) 47,373 Stocks 5.04％
5. SKY Perfect Communications Inc. 44,052 Stocks 4.69％
6. Fuji Television Network Inc. 38,346 Stocks 4.08％
7. Mitsubishi Tokyo Financial Group, Inc. (trust account) 30,602 Stocks 3.26％
8. TOKYO BROADCASTING SYSTEM Inc. 15,859 Stocks 1.69％
9. Kazutoshi Watanabe 15,824 Stocks 1.68％
10. The Master Trust Bank of Japan, Ltd. (trust account) 15,279 Stocks 1.63％
Note: The figures above are determined by adding the number of stocks acquired by this third-party allocation of shares to the number of stocks as of February 28, 2005.
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