When a subject company approves under paragraph (1) of the preceding Article, it must notify the persons set forth in the following items of the matters specified in relevant items by twenty days before the acquisition day:
shareholders subject to the cash-out (if a special controlling shareholder makes a demand for share option cash-out along with the demand for cash-out, shareholders subject to the cash-out and share option holders subject to the cash-out; hereinafter collectively referred to as "shareholders, etc. subject to the cash-out" in this Section):the fact that the approval is granted, name and address of the special controlling shareholder, matters set forth in Article 179-2, paragraph (1), items (i) through (v), and other matters prescribed by Ministry of Justice Order; and
registered pledgee of shares subject to the cash-out (if a special controlling shareholder makes a demand for share option cash-out along with the demand for cash-out, registered pledgees of shares of shares subject to the cash-out and registered pledgees of share options of share option subject to the cash-out (relevant registered pledgee of share options means a registered pledgee of share options prescribed in Article 270, paragraph (1))):the fact that relevant approval is granted.
Notice under the provisions of the preceding paragraph (excluding those for shareholders subject to the cash-out) may be substituted with a public notice.
When a subject company makes notice pursuant to the provisions of paragraph (1) or public notice under the preceding paragraph, it is deemed that a special controlling shareholder has made a demand for share, etc. cash-out to shareholders, etc. subject to the cash-out.
The cost for notice pursuant to the provisions of paragraph (1) or public notice under paragraph (2) is paid by the special controlling shareholder.