— Mitsubishi Motors Corporation (MMC) announced on February 24, 2005 that it would issue new preferred shares through third party allocation. This additional capital enhancement arrangement will contribute to the "Mitsubishi Motors Revitalization Plan" which outlines the company's new business plan through 2007.
Today (March 22, 2005), MMC announced that a total payment of approximately 10.2 billion yen has been received for the issuance of No. 3 Class G preferred shares. The details of the issue are as follows:
| < No. 3 Class G Preferred Shares > |
| |
Total payment |
10.2 billion yen |
| |
Receiving party |
The Mitsubishi Trust and Banking Corporation |
| |
Number of shares |
10,200 shares |
