ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

35SV Paragon M. C47

0.00
0.00 (0.00%)
Name Symbol Market Type
Paragon M. C47 LSE:35SV London Bond
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

Completion of Payment for New Shares,etc

02/03/2010 7:00am

UK Regulatory



 

TIDM35SV TIDMMEL TIDMMCH 
 
RNS Number : 9138H 
Pioneer Corporation 
02 March 2010 
 

 
 
 
For Immediate Release 
March 2, 2010 
Completion of Payment for New Shares Issued Through 
 International Offering 
and Third-party Allotments and 
 Change in Major Shareholders 
Pioneer Corporation (hereinafter "Pioneer") announced today that the payment for 
the new shares issued through the international offering (the "International 
Offering"), the third-party allotment to Mitsubishi Electric Corporation (the 
"Third-party Allotment to Mitsubishi Electric") and the third-party allotment to 
Mitsubishi Chemical Corporation (the "Third-party Allotment to Mitsubishi 
Chemical"; together with the International Offering and the Third-party 
Allotment to Mitsubishi Electric, hereinafter, collectively, the "Issuance of 
New Shares"), pursuant to the resolution by the board of directors of Pioneer 
adopted at its meeting held on February 9, 2010, was completed today as 
originally scheduled.  In addition, as a result of the Issuance of New Shares, 
there was a change in Pioneer's major shareholders as of today.  Details are 
provided below. 
 
I. Completion of Payment Regarding the Issuance of New Shares 
1. Number of New Shares Issued and Aggregate Paid Amount 
+--------------------+-+------------------+-+------------+-+------------------+ 
|                    | |    Number of     | |    Paid    | |    Aggregate     | 
|                    | |    new shares    | |  amount    | |   paid amount    | 
|                    | |      issued      | |  (issue    | |                  | 
|                    | |    (Shares of    | |  price)    | |                  | 
|                    | |  common stock)   | | per share  | |                  | 
+--------------------+-+------------------+-+------------+-+------------------+ 
| International      | |       92,000,000 | | 318.16 yen | |   29,270,720,000 | 
| Offering           | |           shares | |            | |              yen | 
+--------------------+-+------------------+-+------------+-+------------------+ 
| Third-party        | | 7,530,000 shares | |    332 yen | |    2,499,960,000 | 
| Allotment to       | |                  | |            | |              yen | 
| Mitsubishi         | |                  | |            | |                  | 
| Electric           | |                  | |            | |                  | 
+--------------------+-+------------------+-+------------+-+------------------+ 
| Third-party        | | 1,800,000 shares | |    332 yen | |  597,600,000 yen | 
| Allotment to       | |                  | |            | |                  | 
| Mitsubishi         | |                  | |            | |                  | 
| Chemical           | |                  | |            | |                  | 
+--------------------+-+------------------+-+------------+-+------------------+ 
| Total              | |      101,330,000 | |          - | |   32,368,280,000 | 
|                    | |           shares | |            | |              yen | 
+--------------------+-+------------------+-+------------+-+------------------+ 
 
2. Change in Total Number of Shares Issued by the Issuance of New Shares 
+------------------------------+-+-------------------+-+-------------------+ 
|                              | | Number of shares  | |      (Stated      | 
|                              | |                   | |      capital)     | 
+------------------------------+-+-------------------+-+-------------------+ 
| Total number of shares       | |       210,063,836 | |   (69,823,503,230 | 
| issued                       | |            shares | |   yen)            | 
| before the Issuance of New   | |                   | |                   | 
| Shares:                      | |                   | |                   | 
+------------------------------+-+-------------------+-+-------------------+ 
| Increase in number of shares | |       101,330,000 | |   (Increase of    | 
| by the Issuance of New       | |            shares | |   16,184,140,000  | 
| Shares:                      | |                   | |   yen)            | 
+------------------------------+-+-------------------+-+-------------------+ 
|             -through         | | 92,000,000 shares | |   (Increase of    | 
|             International    | |                   | |   14,635,360,000  | 
|             Offering         | |                   | |   yen)            | 
+------------------------------+-+-------------------+-+-------------------+ 
|             -through         | |  7,530,000 shares | |   (Increase of    | 
|             Third-party      | |                   | |   1,249,980,000   | 
|             Allotment to     | |                   | |   yen)            | 
|             Mitsubishi       | |                   | |                   | 
|             Electric         | |                   | |                   | 
+------------------------------+-+-------------------+-+-------------------+ 
|             -through         | |  1,800,000 shares | |   (Increase of    | 
|             Third-party      | |                   | |   298,800,000     | 
|             Allotment to     | |                   | |   yen)            | 
|             Mitsubishi       | |                   | |                   | 
|             Chemical         | |                   | |                   | 
+------------------------------+-+-------------------+-+-------------------+ 
| Total number of shares       | |       311,393,836 | |   (86,007,643,230 | 
| issued                       | |            shares | |   yen)            | 
| after the Issuance of New    | |                   | |                   | 
| Shares:                      | |                   | |                   | 
+------------------------------+-+-------------------+-+-------------------+ 
As a result of the Issuance of New Shares, there was a change with respect to 
Pioneer's major shareholders. 
 
2. Outline of Major Shareholder to Which the Change Relates 
+-----+------------------+--------------------------------------------+ 
| (1) | Trade name:      | Sharp Corporation                          | 
+-----+------------------+--------------------------------------------+ 
| (2) | Location:        | 22-22, Nagaike-cho, Abeno-ku, Osaka, Japan | 
+-----+------------------+--------------------------------------------+ 
| (3) | Representative:  | Mikio Katayama, President & COO            | 
+-----+------------------+--------------------------------------------+ 
| (4) | Principal        | Manufacture and sales of electric          | 
|     | businesses:      | communication and electric equipments,     | 
|     |                  | electronic applied equipments, and         | 
|     |                  | electronic components                      | 
+-----+------------------+--------------------------------------------+ 
| (5) | Stated capital:  | 204,675 million yen (as of December 31,    | 
|     |                  | 2009)                                      | 
+-----+------------------+--------------------------------------------+ 
 
3. Number of Shares (Number of Voting Rights) Held by the Relevant Major Shareholder and the Ratio of its Voting Rights to Total Voting Rights 
+------------+-+---------------------+-+---------------+-+---------------+ 
|            | |  Number of voting   | |   Ratio of    | |  Ranking by   | 
|            | |       rights        | |voting rights  | | shareholding  | 
|            | |  (Number of shares  | |   to total    | |               | 
|            | |        held)        | |voting rights  | |               | 
+------------+-+---------------------+-+---------------+-+---------------+ 
|     Before | |      300,000        | |    14.64%     | |    First      | 
|     change | |(30,000,000 shares)  | |               | |               | 
+------------+-+---------------------+-+---------------+-+---------------+ 
|     After  | |      300,000        | |     9.79%     | |    First      | 
|     change | |(30,000,000 shares)  | |               | |               | 
+------------+-+---------------------+-+---------------+-+---------------+ 
Note: Ratio of voting rights to total voting rights is calculated based on the 
number of total voting rights as of September 30, 2009 (2,048,293).  Percentage 
figures less than the second decimal place are disregarded. 
-Number of shares excluded from the total number of shares issued, as having no 
voting rights: 
 5,234,536 shares 
-Total number of shares issued before the Issuance of New 
Shares: 
 210,063,836 shares 
-Increase in number of shares by the Issuance of New Shares: 
 101,330,000 
shares 
 
4. Future Prospects 
The change with respect to the relevant major shareholder will have no impact on 
Pioneer's business results. 
 
 
                    #       #       #       #       #       # 
 
For further information, please contact: 
Hideki Okayasu 
Senior Managing Director and Representative Director 
Pioneer Corporation, Japan 
Phone: +81-44-580-3211 / Fax: +81-44-580-4064 
E-mail: pioneer_shr@post.pioneer.co.jp 
IR Website: http://pioneer.jp/ir-e/ 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCEASDAEDNEEEF 
 

1 Year Paragon M. C47 Chart

1 Year Paragon M. C47 Chart

1 Month Paragon M. C47 Chart

1 Month Paragon M. C47 Chart