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Share Name | Share Symbol | Market | Type |
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Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell | AMEX:MBC | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
RNS Number:3953Q Mitsubishi Corporation 01 October 2003 Translation of report filed with the Tokyo Stock Exchange on October 1, 2003 October 1, 2003 Notice Concerning Transfer of the Substitutional Portion of the Pension Fund of Mitsubishi Corporation Mitsubishi Corporation wishes to advise that on October 1, 2003 it applied for permission to be exempted from future benefit obligations of the welfare pension plan. This follows a resolution passed by the Representative Committee of the Pension Fund of Mitsubishi Corporation on September 18 to transfer the substitutional portion of the fund to the Japanese government. Furthermore, Mitsubishi Corporation plans to seek approval to transfer the substitutional portion relating to past benefit obligations, which is possible from September 1, 2003, after being exempted from future obligations for the substitutional portion. Based on calculations at March 31, 2003, Mitsubishi Corporation estimates that as a result of the return of the substitutional portion, severance liabilities of /527.8 billion will be reduced by approximately /90.0 billion. The company also estimates that plan assets of /309.5 billion will be reduced by approximately /45.0 billion. The effect of the return of the substitutional portion on Mitsubishi Corporation's earnings is not clear at this stage, as the amount is not fixed yet. # # # Forward-Looking Statements The statements included in this release contain forward-looking statements about Mitsubishi Corporation's future plans, strategies, beliefs and performance that are not historical facts. Such statements are based on the company's assumptions and beliefs in light of competitive, financial and economic data currently available and are subject to a number of risks, uncertainties and assumptions that, without limitation, relate to world economic conditions, exchange rates and commodity prices. Accordingly, Mitsubishi Corporation wishes to caution readers that actual results may differ materially from those projected in this release. This information is provided by RNS The company news service from the London Stock Exchange END DISDGMGGLMKGFZG
1 Year Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell Chart |
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