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| Notification of change in principal shareholders |
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March 11, 2005
— On March 10, 2005, there was a change in the principal shareholders (shareholders with over 10 percent ownership of total outstanding voting shares) of Mitsubishi Motors Corporation (MMC). The following outlines the changes:
- 1. Details of the change
- MMC announced on February 14, 2005 that the Company had resolved to issue new common stock and preferred shares by third party allocation in order to secure the necessary capital and funding needed to achieve the business plan set out in the Mitsubishi Motors Revitalization Plan. On March 10, 2005, the company received a total payment of approximately 274 billion yen for the issuance of the aforementioned common stock and preferred shares.
The issuing of new common stock and having received payment has brought about a change in principal shareholders.
- 2. Affected Shareholders:
(1) Companies which have become principal shareholders
- A. Mitsubishi Heavy Industries, Ltd.
B. Mitsubishi Corporation, Ltd.
- (2) Companies which have been removed as principal shareholders
- A. Phoenix Capital Partners One, Ltd.
- 3. Comparison of voting shares held by affected shareholders
(1) Companies which have become principal shareholders
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| Company Name |
Ownership of voting shares
(in thousands of shares)
(% of total outstanding voting shares) |
Current
Ownership
Ranking |
| Before1 |
After2 |
Mitsubishi
Heavy Industries, Ltd. |
219,871
(8.30%) |
580,683
(13.69%) |
1 |
Mitsubishi
Corporation, Ltd. |
77,354
(2.92%) |
571,065
(13.47%) |
2 |
| (Note 1) |
The above figure for ownership before the change occurred is based on ownership as of September 30, 2004. |
| (Note 2) |
Total outstanding shares as of March 10, 2005: 4,240,759,919 shares. |
- (2) Companies which have been removed as principal shareholders
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| Company Name |
Ownership of voting shares
(in thousands of shares)
(% of total outstanding voting shares) |
Current
Ownership
Ranking |
| Before1 |
After
(as of Jan20, 2005) |
Phoenix Capital
Partners One, Inc. |
300,000
(11.33%) |
300,000
(9.98%) |
2 |
| |
Before1
(Mar.10, 2005)
Before settlement of
new share issue |
After2
(Mar.10, 2005)
After settlement of
new share issue |
|
Phoenix Capital
Partners One, Inc. |
300,000
(9.30%) |
300,000
(7.07%) |
4 |
| (Note 1) |
The above figure for voting share ownership before the change occurred is based on ownership as of September 30, 2004. However, the total number of outstanding common stock has been increasing as outstanding preferred shares are converted into common stock. As a result, on January 20, 2005, Phoenix Capital Partners One ceased being a principal shareholder. |
| (Note 2) |
Total outstanding shares as of March 10, 2005: 4,240,759,919 shares |
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