Sharp Has Completed Transfer of All of Its Shares of RSP
OREANDA-NEWS. Sharp Corporation announces that as of today Sharp has completed the transfer of all of its shares of Renesas SP Drivers Inc. ("RSP"), which was a Sharp-affiliated company accounted for by the equity method, to Synaptics Holding GmbH ("Synaptics HD"), which is a subsidiary of Synaptics Incorporated ("Synaptics") in the United States of America. Sharp has previously made an announcement concerning this matter by "Notice Regarding Transfer of Shares of the Affiliated Company Accounted for by the Equity-Method" dated June 11, 2014.
The consideration for the shares transferred is to be assessed based on the clauses in the transfer agreement.
Sharp will make a timely announcement when the consideration for the transferred shares and capital gains from the transfer are fixed. In addition, if and when there is expected to be a material impact caused by the share transfer on Sharp's consolidated financial results for the fiscal year ending March 31, 2015, Sharp will make a timely announcement once the impact is quantified.
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