IR News
Stock Splitting and Introduction of Unit Stock System
Stock Splitting and Introduction of Unit Stock System
Matsushita Electric Works Information Systems Co., Ltd. (NAIS-IS) announces that resolutions concerning stock splitting (from 1 share to 200 shares) and the introduction of a unit stock system (100 shares equal one stock unit) were approved, as explained below, at a meeting of the Board of Directors on December 18, 2003.
1. Purpose
NAIS-IS aims to invigorate the distribution of our shares and expand the range of our shareholders by lowering the amount of the investment units in our shares (one unit stock) and thereby making it easier for investors to purchase our stock.
2. Stock splitting
(1) Method of splitting:
On April 1, 2004 (Thursday), one share of our ordinary stock will become 200 shares.
(2) Number of new shares to be issued: 10,602,720 (Number of new shares after issue: 10,656,000)
(3) Period of share certificate submission: From February 16, 2004 (Monday; scheduled) to March 31, 2004 (Wednesday)
(4) Administrator of share certificate submission Transfer agent: UFJ Trust Bank Limited
| Transfer agent: | UFJ Trust Bank Limited 1-4-3 Marunouchi, Chiyoda-ku, Tokyo |
| Administrator (inquiries): | Securities Agent Division, Osaka Branch UFJ Trust Bank Limited 3-6-3 Fushimi-machi, Chuo-ku, Osaka Tel.: 06-6229-3011 (main number) |
| Handling agencies: | UFJ Trust Bank branches nationwide |
(5) Issue of new share certificates:
In accordance with the provisions of the supplementary Article 9 Paragraph 5 of the Law on Partial Amendment of the Commercial Code (Law No. 79 of 2001), the currently issued share certificates shall be collected and annulled and new share certificates shall be issued on and after April 1, 2004 (Thursday).
(6) The above is conditioned upon approval at the fifth regular meeting of shareholders scheduled to be held on February 13, 2004 (Friday) of a partial change in our articles of incorporation relating to the total number of shares issued by our company and the introduction of a unit stock system.
3. Introduction of unit stock system
(1) Content of change:
A unit stock system shall be introduced on April 1, 2004 (Thursday), and the number of shares per unit shall be 100 shares.
(2) The above is conditioned upon approval at the fifth meeting of shareholders scheduled to be held on February 13, 2004 (Friday) of a partial change in our articles of incorporation relating to the total number of shares issued by our company and the introduction of a unit stock system.
4. Schedule
| Date | Item |
| 2003 December 18 (Thursday) | Resolutions approved by the Board of Directors regarding stock splitting and the introduction of a unit stock system (with condition of suspension of trading and partial change in articles of incorporation) |
| 2004 January 6 (Tuesday) | Resolution of the Board of Directors on the holding of a regular meeting of shareholders (on partial revision of articles of incorporation) |
| January 23 (Friday) | Sending of notification of the convening of a regular meeting of shareholders |
| February 13 (Friday) | Regular meeting of shareholders Changes in articles of incorporation (1) Establishment of provision on number of shares per unit and non-issue of share certificates under this unit (2) Establishment of system to purchase shares under this unit (3) Increase of total number of shares issued by the company: from 200,000 shares to 40,000,000 shares |
| February 14 (Saturday) | Announcement of resolution of the regular meeting of shareholders and announcement of requirement to submit share certificates |
| February 16 (Monday) | Start of share certificate submission |
| March 26 (Friday) | Start of suspension of trading on the Tokyo Stock Exchange |
| March 31 (Wednesday) | Deadline for share certificate submission; end of suspension of trading on the Tokyo Stock Exchange |
| April 1 (Thursday) | Stock splitting takes effect; adoption of unit stock system |
Notes:
- New share certificates shall be sent to shareholders who submit their certificates from April 1, 2004. Since shareholders will not be able to engage in trading without the new certificates, they are advised to send their certificates as quickly as possible or to use the share certificate deposit transfer system. If shareholders are already using the share certificate deposit transfer system, then no procedures are necessary at all.
- Please note that trading in our company's share certificates will be suspended from Friday, March 26 until Wednesday, March 31, 2004.
- From Thursday, April 1, 2004, the trading unit of our company's shares on the Second Section of the Tokyo Stock Exchange will be changed from 1 share to 100 shares.