JX Advanced Metals ENEOS Holdings to Own 42.44% Post-Tender Offer

TOKYO, Jun 26 (Pulse News Wire) – JX Advanced Metals Corporation (5016.T) disclosed that ENEOS Holdings will own approximately 42.44% of the company's shares following the completion of a tender offer on March 31, 2026. At a board meeting held on May 11, 2026, JX Advanced Metals decided to conduct a public tender offer based on provisions of the Companies Act and the company’s articles of incorporation.

The tender offer began on May 21, 2026, and concluded on June 17, 2026. As a result, ENEOS Holdings' shareholding ratio is expected to remain at 42.44%. Regarding governance, JX Advanced Metals ensures transparency and fairness through a Nomination and Remuneration Advisory Committee composed of independent outside directors. The committee reviews important matters related to director appointments and remuneration.

Additionally, the company appointed Mr. Satoshi Shioya, who serves as an audit and supervisory board member at ENEOS Holdings, as an audit and supervisory board member at JX Advanced Metals. This decision was made considering his experience and expertise in overseeing the operations of listed companies and his proficiency in finance and accounting. JX Advanced Metals maintains the independence of its business operations while ensuring fair dealings with related parties.

All transactions involving related parties, including ENEOS Holdings, adhere strictly to the Related Party Transactions Rules, guaranteeing the reasonableness and appropriateness of transaction conditions.