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| Mitsubishi Motors Receives Payment for Common Stock and Class G Preferred Shares |
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Tokyo, March 10, 2005
— Mitsubishi Motors Corporation (MMC) announced on February 14, 2005 that it would issue new common stock and preferred shares through third party allocation. This capital enhancement arrangement was included in the "Mitsubishi Motors Revitalization Plan" which outlines the company's new business plan through 2007.
Today (March 10, 2005), MMC announced that a total payment of approximately 274 billion yen has been received for the issuance of common stock and No. 2 Class G preferred shares. The details of the issuances are as follows:
| < Common Stock > |
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Amount |
105.606 billion yen |
| Purchasers |
Mitsubishi Heavy Industries, Ltd. |
37.524 billion yen |
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Mitsubishi Corporation, Ltd. |
51.346 billion yen |
| Bank of Tokyo-Mitsubishi |
16.736 billion yen |
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| < No. 2 Class G Preferred Shares > |
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Amount |
168.393 billion yen |
| Purchasers |
Mitsubishi Heavy Industries, Ltd. |
12.475 billion yen |
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Mitsubishi Corporation, Ltd. |
18.654 billion yen |
| Bank of Tokyo-Mitsubishi |
137.264 billion yen |
Please see the attached appendix for further details regarding share allocation.
Appendix
| Receiving party |
Mitsubishi Heavy Industries, Ltd. |
| Number of shares |
Common stock: 360,812,000 shares
No. 2 Class G preferred shares: 12,475 shares |
| Total payment (in yen) |
Common stock: 37,524,448,000
No. 2 Class G preferred shares: 12,475 million |
| Receiving party |
Mitsubishi Corporation, Ltd. |
| Number of shares |
Common stock: 493,711,000
No. 2 Class G preferred shares: 18,654 shares |
| Total payment (in yen) |
Common stock: 51,345,944,000
No. 2 Class G preferred shares: 18,654 million |
| Receiving party |
Bank of Tokyo-Mitsubishi |
| Number of shares |
Common stock:160,923,000 shares
No. 2 Class G preferred shares:137,264 shares |
| Total payment (in yen) |
Common stock: 16,735,992,000
No. 2 Class G preferred shares:137,264 million |
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