1. Home
  2. Company Information
  3. Press Release

Press Release

Back Release | Next Release

June 8, 2005
eAccess Ltd.
(Code Number: 9427)

Filing to Japan's Ministry of Finance regarding the increase in Management Shareholding
- Details of the increase in shares held by eAccess' representative directors -

eAccess Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director, Chairman & CEO Sachio Semmoto) announced today that the Company's two major shareholders, Sachio Semmoto and Eric Gan, had each filed a report, pursuant to Japan's "5 percent rule" to the Kanto Local Finance Bureau.

The report became mandatory for the Company when it was listed on the Tokyo Stock Exchange Mothers Section (TSE Mothers) on October 3, 2003. The shareholders have made these reports for the first time since the two shareholders' percentage of shares in the Company subsequently dropped when the automatic conversion of preferred stocks to common stocks occurred and consequently increased the total number of stocks on November 7, 2003. After receiving stock options, their number of shares changed and exceeded the limits defined by the rule, requiring them to file the report.

The number and percentage of shares owned by Sachio Semmoto and Eric Gan on the day the stock was listed on the TSE Mothers were 97,670 shares (9.61%) and 96,895 shares (9.54%), respectively. However, when they received their stock options on July 1, 2004, the number of shares changed to 101,670 shares (7.82%) and 98,895 shares (7.62%) respectively. The automatic conversion of preferred stocks into common stocks had reduced their percentages of shareholdings, but their total number of shares has actually increased. To this date, neither have bought or sold any shares since this transaction.

* The number of shares is recalculated according to the stock split on September 21, 2004. This number also includes potential stocks, as required by Japan's "5 percent rule".



The information is true and accurate at the time of publication. Price, specification, contact and other information of products and service may be subjected to change.