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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nine Entertainment Co Holdings Limited | ASX:NEC | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0275 | -1.93% | 1.40 | 1.40 | 1.41 | 1.435 | 1.395 | 1.42 | 5,515,690 | 09:50:00 |
RNS Number:3347S NEC Corporation 21 November 2003 Notice Concerning Issuance of New Shares and Secondary Offering of Our Shares Tokyo, November 21, 2003 - NEC Corporation ("Company") (Code No. 6701) approved the issue and offer for sale of new shares at the meeting of board of directors held on November 21, 2003 as follows: 1. Offering of Newly Issued Shares (1) Number of Shares to be Issued 250,000,000 shares of common stock 154,000,000 shares are to be offered in Japan and 96,000,000 shares are to be offered outside Japan. However, the definitive number of shares to be offered in or outside Japan will be determined on any date during the period beginning on Monday, December 8, 2003, and ending on Wednesday, December 10, 2003 ("Pricing Date") taking into account the demand for the shares. (2) Issue Price The Issue Price will be determined on the Pricing Date in accordance with the method provided under Section 7-2 of the Rules of Fair Practice Number 14 of the Japan Securities Dealers Association. (3) Portion of Issue Price not to be Accounted to Stated Capital The amount obtained by subtracting the amount accounted to stated capital from the issue price determined in accordance with the method provided in (2) above. The amount accounted to stated capital shall be a half of the Issue Price, with any fraction less than a yen resulting from the calculation being rounded to a full yen. (4) Offering Price The Offering Price shall be determined on the Pricing Date, taking into account the market demand for the shares and shall be determined by the closing price of our common stock (with any fraction less than a yen being rounded to zero) on the Tokyo Stock Exchange, Inc., on the Pricing Date multiplied by 90 to 100 basis points. (If the Tokyo Stock Exchange, Inc. does not provide a closing pricing on the Pricing Date, the closing price provided on the business day immediately preceding the Pricing Date shall be used.) (5) Offering Method Shares will be offered simultaneously in Japan and overseas. (i) Japanese Offering Shares shall be publicly offered and shall be jointly underwritten by the Japanese underwriters. (ii) International Offering Shares shall be offered in overseas markets, and shall be severally underwritten by the international managers. (6) Fees to Underwriters Underwriters shall purchase the shares at the Issue Price and sell the shares at the Offering Price in each offering. The difference between the Issue Price and the Offering Price shall be their underwriting fees. The Company shall not pay any separate underwriting fees. (7) Subscription Period (in Japanese Offering) The Subscription Period in the Japanese Offering shall be from Thursday, December 11, 2003, to Monday, December 15, 2003. Such period is subject to change based on market demand. The earliest Subscription Period shall be from Tuesday, December 9, 2003, to Thursday, December 11, 2003. (8) Payment Date The Payment Date shall be any date during the period beginning on Tuesday, December 16, 2003, and ending on Thursday, December 18, 2003. As stated in (7) above, the Subscription Period may be changed to an earlier period. The earliest Payment Date shall be Tuesday, December 16, 2003. (9) Stock Certificate Delivery Date Stock Certificate Delivery Date shall be any date during the period beginning on Wednesday, December 17, 2003, and ending on Friday, December 19, 2003. As stated in (7) above, the Subscription Period may be changed to an earlier period. The earliest Stock Certificate Delivery Date shall be Wednesday, December 17, 2003. (10) Initial Date for Dividend Accrual Wednesday, October 1, 2003 (11) Unit of Shares for Offering 1,000 shares (12) The Japanese Offering is subject to the effectiveness of the Securities Registration Statement under the Securities and Exchange Law of Japan. 2. Secondary Offering of Our Shares (upon Exercise of Over-Allotment Option) (1) Number of Shares to be Sold 23,000,000 shares of common stock The number of shares mentioned above indicates the maximum number to be sold, and the actual number of shares to be sold shall be determined on the Pricing Date provided in 1.(2) above, taking into account the market demand in the Japanese Offering. Part or all of such sales may not be made in certain cases, depending on the market demand in the Japanese Offering. (2) Sales Price The Sales Price shall be the same as the Offering Price of offering of newly issued shares as mentioned in 1.(4) above. (3) Selling Method The representative of the Japanese underwriters shall, taking into account the market demand in the Japanese Offering of newly issued shares as mentioned in 1. above, additionally make a secondary offering of the shares of up to 23,000,000 that such representative plans to borrow from the shareholders of the Company. (4) Selling Period The Selling Period shall be the same as the Subscription Period (in the Japanese Offering) for newly issued shares as mentioned in 1.(7) above. (5) Stock Certificate Delivery Date Stock Certificate Delivery Date shall be the same as Stock Certificate Delivery Date in the offering of newly issued shares as mentioned in 1.(9) above. (6) Unit of Shares for Secondary Offering 1,000 shares (7) The Secondary Offering is subject to the effectiveness of the Securities Registration Statement under the Securities and Exchange Law of Japan. The Secondary Offering shall be suspended upon the suspension of offering of newly issued shares mentioned in 1. above. 3. Issue of New Shares by Allocation to Third Party (Capital Increase by Allocation of New Shares to Third Party in connection with the Secondary Offering Mentioned in 2. above) (1) Number of Shares to be Issued 23,000,000 shares of common stock (2) Issue Price Issue Price shall be the same as Issue Price of offering of newly issued shares as mentioned in 1.(2) above. (3) Portion of Issue Price not to be Accounted to Stated Capital A portion of the Issue Price not to be accounted to stated capital shall be the same as a portion of the Issue Price not to be accounted to stated capital of offering of the newly issued shares as mentioned in 1.(3) above. (4) Subscription Period Friday, January 16, 2004 (5) Payment Date Monday, January 19, 2004 (6) Stock Certificate Delivery Date Tuesday, January 20, 2004 (7) Allocation and Number of Shares 23,000,000 shares (8) Initial Date for Dividend Accural Wednesday, October 1, 2003 (9) Unit of Shares for Offering 1,000 shares (10) Shares that were not subscribed within the Subscription Period mentioned in (4) above shall not be issued. (11) The issue of new shares by allocation to a third party is subject to the effectiveness of the Securities Registration Statement under the Securities and Exchange Law of Japan. The issue of new shares by allocation to a third party shall be suspended upon the suspension of offering of newly issued shares mentioned in 1. above. Not to be circulated in the United States. This press release does not represent an offer of securities for sale in the U.S. The offer and sale of securities issued by the company are not permitted in the U.S., other than in cases where the securities have been registered under the U.S. Securities Act of 1933 or have been exempted from the registration requirement. An English-language prospectus will be prepared in cases where securities are to be offered in the U.S. The prospectus will contain detailed information on the issuing company and its management team, as well as financial statements. NEC Corporation has no intention of registering these securities for sale in the U.S. This information is provided by RNS The company news service from the London Stock Exchange END IOEUAVBRONRAURA
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