Kubota : Notice of the completion of procedures for issuance of new shares under the restricted stock compensation plan (383KB)
April 20, 2018 at 02:27 am EDT
Share
April 20, 2018
FOR IMMEDIATE RELEASE
Contact: IR Group
Global Management Promotion Dept.
2-47, Shikitsuhigashi 1-chome,
Naniwa-ku, Osaka 556-8601, Japan
Phone: +81-6-6648-2645
Notice of the completion of procedures for issuance of new shares under the restricted stock compensation plan
Kubota Corporation (hereinafter, "the Company") hereby announces the completion of procedures for issuance of new shares (hereinafter, "New Share Issuance"), which was informed in "Notice of the issuance of new shares under the restricted stock compensation plan" on March 30, 2018, on April 20, 2018. The detail of these procedures is as follows.
Outline of the New Share Issuance
(1) Class and number of shares to be issued
32,630 common shares of the Company
(2) Issuance price
¥1,845 per share
(3) Total value of the issuance
¥60,202,350
(4) Recipients and number thereof; number of shares to be allotted
Six Directors of the Company (excluding Outside Directors and non-residents in Japan);
32,630 shares
(5) Payment date
April 20,2018
< Cautionary Statements with Respect to Forward-Looking Statements >
This document may contain forward-looking statements that are based on management's expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation: general economic conditions in the Company's markets, particularly government agricultural policies, levels of capital expenditures, both in public and private sectors, foreign currency exchange rates, the occurrence of natural disasters, continued competitive pricing pressures in the marketplace, as well as the Company's ability to continue to gain acceptance of its products.
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Kubota Corporation published this content on 20 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2018 06:26:04 UTC
Kubota Corporation specializes in the manufacturing and marketing of industrial and agricultural machines and water purifying and distribution equipments. Net sales break down by family of products as follows:
- industrial and agricultural machines (84.9%): tractors, harvesters, transplantors, mowers, etc.;
- water purifying and distribution systems (13.9%): ductile cast iron, steel and plastic pipes, valves, recycling pumps, incinerators, ceramic filters, used water purifiers, etc.;
- other (1.2%): industrial pieces, steel tubes, building machines, etc.
Net sales break down geographically as follows: Japan (27.4%), Asia (18.5%), North America (37.3%), Europe (13%) and other (3.8%).
KUBOTA CORPORATION 
