Determination of Number of Shares to Be Issued

 

TIDM35SV 
 
RNS Number : 5935H 
Pioneer Corporation 
24 February 2010 
 

For Immediate Release 
February 24, 2010 
Pioneer Announces Determination of Number of New Shares to Be Issued 
Pioneer Corporation (hereinafter "Pioneer") hereby announces that, in connection 
with the issuance of new shares in the international offering, which was 
resolved at the meeting of its board of directors held on February 9, 2010, the 
number of shares to be issued upon the exercise of the increase option of the 
additionally and newly issued shares granted to the underwriter has been fixed 
today.  Details are provided below. 
 
 
+-------------------------------------------------+----------+----------------------------------+ 
|                       The number of shares to   |          |                       12,000,000 | 
|                       be issued upon the        |          |                           shares | 
|                       exercise of the increase  |          |                                  | 
|                       option of the             |          |                                  | 
|                       additionally and newly    |          |                                  | 
|                       issued shares granted to  |          |                                  | 
|                       the underwriter in        |          |                                  | 
|                       connection with the       |          |                                  | 
|                       offering to be made       |          |                                  | 
|                       outside Japan (but not in |          |                                  | 
|                       the United States and     |          |                                  | 
|                       Canada) and mainly in     |          |                                  | 
|                       Europe (hereinafter the   |          |                                  | 
|                       "International            |          |                                  | 
|                       Offering"):               |          |                                  | 
+-------------------------------------------------+----------+----------------------------------+ 
 
 
[For Reference] 
1. Number of Shares to Be Offered 
92,000,000 shares of common stock of Pioneer, which is the sum of (i) and (ii) 
below. 
(i) 80,000,000 new shares to be purchased and underwritten by the underwriter. 
(ii)12,000,000 new shares to be issued upon the exercise of the increase option 
of the additionally and newly issued shares granted to the underwriter. 
 
2. Change in the Number of Shares Issued as a Result of Issuance of New Shares 
+------------------------------------------------+--+-----------------------------------+ 
|                       Total number of shares   |  |                       210,063,836 | 
|                       issued                   |  |                            shares | 
|                       (as of December 31,      |  |                                   | 
|                       2009):                   |  |                                   | 
+------------------------------------------------+--+-----------------------------------+ 
|                       Increase in number of    |  |                        92,000,000 | 
|                       shares as a result of    |  |                            shares | 
|                       the International        |  |                                   | 
|                       Offering:                |  |                                   | 
+------------------------------------------------+--+-----------------------------------+ 
|                       Total number of shares   |  |                       302,063,836 | 
|                       issued after the         |  |                            shares | 
|                       International Offering:  |  |                                   | 
+------------------------------------------------+--+-----------------------------------+ 
|                       Increase in number of    |  |                         9,330,000 | 
|                       shares as a result of    |  |                            shares | 
|                       the third-party          |  |                                   | 
|                       allotments in Japan      |  |                                   | 
|                       (Note):                  |  |                                   | 
+------------------------------------------------+--+-----------------------------------+ 
|                       Total number of shares   |  |                       311,393,836 | 
|                       issued after the         |  |                            shares | 
|                       third-party allotments   |  |                                   | 
|                       in Japan:                |  |                                   | 
+------------------------------------------------+--+-----------------------------------+ 
Note: This indicates the sum of number of shares to be underwritten by 
Mitsubishi Electric Corporation in the third-party allotment to Mitsubishi 
Electric Corporation and number of shares to be underwritten by Mitsubishi 
Chemical Corporation in the third-party allotment to Mitsubishi Chemical 
Corporation, which third-party allotments were resolved at the meeting of the 
board of directors of Pioneer held on February 9, 2010. 
 
 
                    #       #       #       #       #       # 
 
For further information, please contact: 
Hideki Okayasu 
Senior Managing Director and Representative Director 
Pioneer Corporation, Japan 
Phone: [phone] / Fax: [phone] 
E-mail: [e-mail] 
IR Website: http://pioneer.jp/ir-e/ 
 
This news release has been prepared for the purpose of announcing to the public 
certain matters relating to the offer and sale of the shares of Pioneer 
Corporation (the "Company"), and not for the purpose of inducing any investment. 
This press release is not an offer of any securities of the Company for sale in 
Japan, the United Kingdom or the United States nor shall it constitute an 
invitation or inducement to engage in investment activity or financial promotion 
for purposes of the Financial Services and Markets Act 2000 of the United 
Kingdom. The securities have not been and will not be registered under the U.S. 
Securities Act of 1933, as amended (the "Securities Act") and may not be offered 
or sold in the United States absent registration or an exemption from 
registration under the Securities Act. No public offering of securities in 
Japan, the United States or the United Kingdom will be made in connection with 
the offering described herein. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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