Mitsubishi Motors Corporation (“MMC”) hereby announces that the part of the matters regarding the decrease in the amount of capital stock and capital surplus reserve resolved at its board of directors meeting held on December 26, 2013 that was undetermined has been determined.
Based on the “Mitsubishi Motors Capital Restructuring Plan” announced on November 6, 2013, MMC resolved at its board of directors meeting held on December 26, 2013 to decrease the amount of capital stock and capital surplus reserve in the same amount as the increase in capital stock and capital surplus reserve due to the public offering of shares of common stock of MMC (the “Offering”) and the issuance of new shares by third party allotment (the “Capital Increase by Third-Party Allotment”) for the purpose of securing a distributable amount as required under the Companies Act of Japan upon the acquisition of shares of preferred stock of MMC (for details thereof, please see the press release dated December 26, 2013 titled “Notice Regarding Decrease in Amount of Capital Stock and Capital Reserve,” the press release dated January 7, 2014 titled “Notice Regarding Issuance of New Shares and Secondary Offering of Shares, and Decrease in Amount of Capital Stock and Capital Reserve,” the press release dated January 22, 2014 titled “Notice Regarding Determination of Issue Price and Selling Price, and Decrease in Amount of Capital Stock and Capital Reserve” and the press release dated January 30, 2014 titled “Decrease in Amount of Capital Stock and Capital Reserve”). Upon the completion of the payment of the Capital Increase by Third-Party Allotment, the amount of capital stock and capital surplus reserve to be decreased in relation to the increase in the amount of capital stock and capital surplus reserve, as increased by the Capital Increase by Third-Party Allotment, has been determined and became effective, as
described below, today. There is no change in any other matters described in the press releases mentioned above.
Details of the decrease in the amount of capital stock and capital surplus reserve increased by the Capital Increase by Third-Party Allotment:
1. Amount of capital stock decreased
11,435,032,000 yen
2. Amount of capital surplus reserve decreased
11,435,032,000 yen
Because each of the decreases in the amount of capital stock and capital surplus reserve (the “Decrease in Amount of Capital Stock, Etc.”) increased by the Offering and the Capital Increase by Third-Party Allotment have become effective, the Company will, based on the “Mitsubishi Motors Capital Restructuring Plan” mentioned above, without delay after today, acquire the maximum number of acquirable shares of preferred stock from Mitsubishi Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Mitsubishi UFJ Trust and Banking Corporation and cancel those shares, in the order of Class G Fourth Series Preferred Stock, Class G Second Series Preferred Stock, Class G Third Series Preferred Stock, Class A First Series Preferred Stock and Class G First Series Preferred Stock within the amount decreased by the Decrease in Amount of Capital Stock, Etc.
Note: This press release is not an offer of securities for sale in the United States. The securities referred to above have not been, and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States.
