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1. Objective of Change
KSL plans to carry out the share consolidation at the ratio of 10 shares to 1 share effective October 1, 2016. Accordingly, effective October 3, 2016, U.S. time, KSL intends to change the exchange ratio from 1 ADR to 5 underlying shares to a new ratio of 2 ADRs to 1 underlying share, so that the current ADR investment unit price levels will not be affected by the share consolidation.
2. Outline of Change in Ratio of ADRs to Underlying Shares
(1) Current Ratio:1 ADR = 5 Underlying Shares(2) New Ratio:2 ADRs = 1 Underlying Share(3) Effective Date of New Ratio:October 3, 2016, U.S. time (planned)(4) DR Exchange:OTC = Over The Counter(5) Ticker Symbol:KBSTY(6) CUSIP Number:499892107(7) Depositary Bank:The Bank of New York Mellon3. Contact for Inquiries regarding KSL's ADR Program
PO Box 30170
College Station, TX 77842-3170
www.adrbnymellon.com
Kobelco - Kobe Steel Ltd. published this content on 30 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 September 2016 02:08:06 UTC.
Original documenthttp://www.kobelco.co.jp/english/notices/1195600_13389.html
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