— Mitsubishi Motors Corporation (MMC) today announced that it resolved during a meeting of the board to issue No. 3 Class G preferred shares. The details of the issue are as follows:
< No. 3 Class G Preferred Shares >
| |
New Shares Issued |
10,200 preferred shares |
| Amount |
10.2 billion yen |
| Purchasers |
The Mitsubishi Trust and Banking Corporation |
| Payment |
March 22, 2005 (Tuesday) |
The funds raised by this capital increase will be assigned to the repayment of outstanding debt to the Mitsubishi Trust and Banking Corporation (debt-to-equity swap).
