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4-Traders Homepage  >  Equities  >  Tokyo  >  Japan Tobacco Inc    2914   JP3726800000

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Japan Tobacco : Concerning stock split, adoption of share unit system and partial amendment to the articles of incorporationPDF:58.3kb

04/13/2012 | 03:21am US/Eastern
FOR IMMEDIATE RELEASE

Tokyo, April 13, 2012

Concerning stock split, adoption of share unit system and partial amendment to the articles of incorporation

Japan Tobacco Inc. (JT) (TSE: 2914) has announced the Board of Directors' resolution today concerning stock split, adoption of share unit system and associated partial amendment to the articles of incorporation as follows.

1. Purpose
For the purpose of enlarging the company's investor base by further improving the environment to invest in our shares through reduction of the investment unit amount of the company's shares, the decision has been made to split the stock at the ratio of 1:200 or 200 shares to one share.
Further, in parallel with the stock split, the company will adopt the share unit system which sets a share trading unit to 100 shares, in line with the Japanese Stock Exchanges Conference's decision to designate a trading unit to either 100 shares or 1,000 shares by April 1, 2014. As a result of the stock split and adoption of the share unit system, the investment unit amount of the company's shares will be one half or 1/2.
2. Overview of the stock split
1) Method of the split
Shares of common stock held by shareholders listed or recorded in the final registry of shareholders as of the record date of Saturday, June 30, 2012 will be split at a ratio of 200 shares to one share.
2) Increase in shares resulting from the stock split
Total number of shares issued prior to the stock split: 10,000,000 shares Number of shares to be increased resulting from the stock split: 1,990,000,000 shares Total number of shares issued following the stock split: 2,000,000,000 shares
3) Schedule
Public notice of the record date: Thursday, May 31, 2012
Record date: Saturday, June 30, 2012
Effective date: Sunday, July 1, 2012
3. Adoption of the share unit system
1) Size of the newly established share unit
Contingent on the afore-mentioned stock split coming into effect, the company will adopt the share unit system, setting the size of a share unit at 100 shares.
2) Schedule
Effective date: Sunday, July 1, 2012
4. Partial amendment to the articles of incorporation
1) Reason for amendment
In association with the afore-mentioned stock split and adoption of the share unit system, the articles of incorporation will be partially amended, pursuant to the provisions of Article 184 paragraph 2 and Article 191 of the Companies Act of Japan.
2) Proposed amendment

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