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Name | Symbol | Market | Type |
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Paragon M. C47 | LSE:35SV | London | Bond |
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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
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