Mitsubishi Motors Corporation (“MMC”) hereby announces that, relating to the issuance of its new shares which was resolved at the meeting of its board of directors held on January 7, 2014, the number of shares to be issued by exercise of the option to purchase additional newly issued shares of common stock granted to the international managers in connection with the international offering has been determined as set forth below:
The number of shares to be issued by exercise of the option to purchase additional newly issued shares granted to the international managers in connection with the international offering:
7,750,000 shares
Reference
1. Number of new shares to be offered by way of public offering
217,750,000 shares of common stock of MMC, the aggregate of (i) through (iii) described
below:
(i) 145,450,000 shares of common stock of MMC, issued for purchase by the Japanese underwriters in the Japanese public offering;
(ii) 64,550,000 shares of common stock of MMC, issued for purchase by the international managers in the international offering; and
(iii) 7,750,000 shares of common stock of MMC, additionally issued for purchase by the
international managers upon exercise of the option in the international offering.
2. Change in the total number of issued shares as a result of this public offering
Total number of issued shares at present (as of December 31, 2013):
Common Stock: 622,893,974 shares
Class A First Series Preferred Stock:42,200 shares
Class G First Series Preferred Stock: 130,000 shares
Glass G Second Series Preferred Stock: 168,393 shares
Glass G Third Series Preferred Stock: 10,200 shares
Glass G Fourth Series Preferred Stock: 30,000 shares
Total: 623,274,767 shares
Increase in number of shares as a result of the issuance of new shares by way of public offering: 217,750,000 shares
Total number of issued shares after the issuance of new shares by way of public offering:
Common Stock: 840,643,974 shares
Class A First Series Preferred Stock:42,200 shares
Class G First Series Preferred Stock: 130,000 shares
Glass G Second Series Preferred Stock: 168,393 shares
Glass G Third Series Preferred Stock: 10,200 shares
Glass G Fourth Series Preferred Stock: 30,000 shares
Total: 841,024,767 shares
(Notes)
1. In addition to the above, in connection with the issuance of new shares by way of third party allotment in relation to the secondary offering of shares associated with over allotment (the “Third-party Allotment”), MMC may additionally issue up to 23,250,000 shares of its common stock to a certain Japanese underwriter on February 25, 2014.
2. As the conversion of shares of preferred stock into shares of common stock and the acquisition and cancellation of shares of preferred stock are planned to be executed without delay after the payment date of the Third-party Allotment, the total number of issued shares of each class of preferred stock after the Third-party Allotment will varied.
3. Use of proceeds to be raised this time With respect to the net approximate amount of 232,254,000,000 yen from the Japanese public offering and the international offering as well as the maximum net approximate amount of 24,837,000,000 yen from the Third-party Allotment, of the maximum net approximate total amount of 257,091,000,000 yen, MMC plans to apply, as an approximate maximum, 210 billion
yen by the end of March 2014 to acquire shares of preferred stock of MMC, and if there is any remaining amount, MMC plans to use that remaining amount by the end of March 2016 for investment in facilities of MMC.
For the details of the matters relating to the approximate maximum amount to be applied to the acquisition of shares of preferred stock of MMC above, and the outline of the investment in facilities and the description of the plans for investment in facilities of MMC, please see 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.”
