Notice Concerning Type A Preferred Shares
September 16 2010 - 2:30AM
UK Regulatory
TIDM85GQ
RNS Number : 7950S
Nippon Sheet Glass Company Limited
16 September 2010
To whom it may concern:
+-----------------+------------------------+
| Company Name: | Nippon Sheet Glass |
| | Company, Limited |
+-----------------+------------------------+
| Code: | 5202 |
+-----------------+------------------------+
| Location of | 5-27, Mita 3-Chome, |
| Head Office: | Minato-Ku, Tokyo |
+-----------------+------------------------+
| Name of | Craig Naylor |
| Representative: | |
+-----------------+------------------------+
| Contact: | Kazumitsu Fujii |
| | Head of Corporate |
| | Communications |
+-----------------+------------------------+
| Telephone | +81-3-5443-9477 |
+-----------------+------------------------+
Notice Concerning Partial Acquisition and Cancellation of Type A Preferred
Shares
Nippon Sheet Glass, Co., Ltd. (the Company) hereby announces that it has decided
to partially acquire its Type A Preferred Shares with cash consideration
pursuant to section 10-6 of the Articles of Incorporation, and, if acquired, to
cancel those Type A Preferred Shares acquired thereby, in accordance with the
article 178 of the Companies Act as follows:
1. Purpose of the acquisition
The acquisition will be aimed to reducea the dividend cost of Type A Preferred
Shares, and as announced on the August 24, 2010 funded by part of the proceeds
of issuance of new shares and secondary distribution of shares resolved at the
Meeting of Board of Directors held on the same date.
Note:
a. When the Company distributes any dividend to the holders of Type A Preferred
Shares in accordance with a resolution of the Board of Directors, the annual
amount of such dividend will in principle be JPY 925 per share pursuant to the
Articles of Incorporation of the Company and the terms and conditions of the
Type A Preferred Shares.
2. Details of the acquisition
+----------------+----------------+----------------+----------------+
| Parties b | Class of | Number of | Aggregate |
| | shares to be | shares to be | amount of |
| | acquired | acquired | acquisition |
| | | | price |
+----------------+----------------+----------------+----------------+
| UDS? Corporate | Type A | 833,000 | JPY |
| Mezzanine | Preferred | | 8,568,827,267 |
| Limited | Shares | | |
| Partnership | | | |
+----------------+----------------+----------------+----------------+
| UDS | Type A | 147,000 | JPY |
| Corporate | Preferred | | 1,512,145,988 |
| Mezzanine | Shares | | |
| Limited | | | |
| Partnership | | | |
+----------------+----------------+----------------+----------------+
| Total | - | 980,000 | JPY |
| | | | 10,080,973,255 |
+----------------+----------------+----------------+----------------+
Note:
b. Outline of the parties from which the Company will partially acquire the Type
A Preferred Shares
+----------+--------------+--------------+--------------+----------------------+-----+------------------+
| 1. | Name | UDS Corporate Mezzanine | UDS?Corporate |
| | | Limited Partnership | Mezzanine Limited |
| | | | Partnership |
+----------+-----------------------------+-------------------------------------+------------------------+
| 2. | Rationale for | Limited Partnership in accordance with the Limited |
| | the establishment, etc. | Partnership Act for Investment |
+----------+-----------------------------+--------------------------------------------------------------+
| 3. | Address | 9-1, Otemachi 1-chome, Chiyoda-ku, Tokyo |
+----------+-----------------------------+--------------------------------------------------------------+
| 4. | General Partner (Unlimited | DBJ Corporate Mezzanine Partners Co., Ltd. |
| | liability partner) | (Chiyoda-ku, Tokyo)* |
| | | * A consolidated subsidiary of Development Bank of |
| | | Japan Inc., of which main business is operating |
| | | and managing mezzanine funds. |
| | | Development Bank of Japan Inc. (Chiyoda-ku, Tokyo) |
+----------+-----------------------------+--------------------------------------------------------------+
| 5. | Aggregate amount of | JPY 30 billion | JPY 100 billion |
| | Investment | | |
+----------+-----------------------------+-------------------------------------+------------------------+
| 6. | Relationship | Capital | It holds 450,000 shares | It holds 2,550,000 |
| | between | Relationship | of the Type A Preferred | shares of the Type A |
| | the Company | between the | Shares of the Company | Preferred Shares of |
| | and the | Company and | | the Company |
| | parties | the parties | | |
+ + +--------------+-------------------------------------+------------------------+
| | | Relationship | DBJ | Capital relationship | None |
| | | between the | Corporate | | |
| | | Company and | Mezzanine | | |
| | | the General | Partners | | |
| | | Partners | Co., Ltd. | | |
+ + + + +----------------------------+------------------+
| | | | | Transaction | None |
| | | | | relationship | |
+ + + + +----------------------------+------------------+
| | | | | Personnel | None |
| | | | | relationship | |
+ + + +--------------+----------------------------+------------------+
| | | | Development | Capital relationship | None |
| | | | Bank of | | |
| | | | Japan Inc. | | |
+ + + + +----------------------------+------------------+
| | | | | Transaction | Banking |
| | | | | relationship | Transactions |
+ + + + +----------------------------+------------------+
| | | | | Personnel | None |
| | | | | relationship | |
+----------+--------------+--------------+--------------+----------------------------+------------------+
| | | | | | | |
+----------+--------------+--------------+--------------+----------------------+-----+------------------+
3. The date of partial acquisition and cancellation of shares: October 1 2010
(Reference) Number of issued shares of the Company
+-----------------+----------------+----------------+---------------+
| Class of shares | As at | As at | As at October |
| | September 16, | September 28, | 1, 2010 |
| | 2010 | 2010 | |
+-----------------+----------------+----------------+---------------+
| Common Shares | 891,550,999 c | 903,550,999 d | 903,550,999 d |
+-----------------+----------------+----------------+---------------+
| Type A | 3,000,000 | 3,000,000 | 2,020,000 |
| Preferred | | | |
| Shares | | | |
+-----------------+----------------+----------------+---------------+
Notes:
c. Reflecting the increase of 222,000,000 shares from the Public Offering to
669,550,999 shares of common stock issued as at August 31, 2010. For details
regarding the increased number of shares from the Public Offering, please refer
to "Notice Regarding Determination of Number of New Shares to be Issued"
announced on September 13, 2010.
d. Reflecting the increase of up to 12,000,000 shares to be issued by way of
Third-Party Allotment to 891,550,999 shares of common stock issued as at
September 16, 2010. For details regarding the Third-Party Allotment, please
refer to the "Notice Regarding Determination of Number of New Shares to be
Issued" announced on September 13, 2010.
End
This information is provided by RNS
The company news service from the London Stock Exchange
END
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