MINATO (dpa-AFX) - All Nippon Airways Co., Ltd., or ANA, (ALNPY.PK, ALNPF.PK) announced a company split and amendments to the Articles of Incorporation, pursuant to the move to a holding company structure. These are conditional on the related agenda items being approved at the 67th Ordinary General Meeting of Shareholders scheduled to be held on June 19, 2012 and on any necessary approvals being granted by the relevant governing authorities.
At the meeting of Board of Directors of the company held on May 15, 2012, it was resolved that all business in which the Company is engaged should be transferred by means of a company split to ANA HOLDINGS INC. The corporate name is scheduled to be changed to ALL NIPPON AIRWAYS CO., LTD. on April 1, 2013; hereafter referred to as the 'Successor Company', which is a wholly-owned subsidiary of ALL NIPPON AIRWAYS CO., LTD.
An absorption-type split agreement was signed on the same day between the Company and the Successor Company. The effective date for the Absorption-type Company Split shall be April 1, 2013.
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