The boards of directors of SoftBank Group Corp. and ARM Holdings plc announced today that they have reached agreement on the terms of a recommended all cash acquisition of the entire issued and to be issued share capital of ARM by SoftBank.

Figure 1

The price of 1,700 pence per ARM Share represents a premium of approximately 43.0 per cent. to the closing price of 1,189 pence per ARM Share, and approximately 42.9 per cent. to the closing price per ARM ADR of USD 47.08, on 15 July 2016 (being the last Business Day prior to this Announcement).