TIDMMAW
RNS Number : 0340O
Maruwa Co Ld
12 September 2011
September 12, 2011
MARUWA CO., LTD.
Sei Kanbe
President and Representative Director
Code No. 5344,
First Section of the Tokyo Stock Exchange and Nagoya Stock
Exchange
Contact: Kunito Niwa
General Manager of Administrative Headquarter
Phone: 0561-51-0841
Announcement Concerning Final Number of Shares
to be Issued by Capital Increase by way of Third-Party
Allotment
MARUWA CO., LTD. (the "Company") announces that it has been
notified by the Allottee that, in relation to the Issuance of New
Shares by way of Third-Party Allotment, which was resolved at a
meeting of the board of directors held on August 15, 2011,
simultaneously with the Issuance of New Shares by way of Offering
(Public Offering), the Disposal of Treasury Shares (Public
Offering) and Secondary Offering of Shares (Secondary Offering by
way of Over-Allotment), the Allottee elects to subscribe for all of
the shares issuable in connection therewith as set forth below:
(1) Number of New Shares 200,000 shares
(Number of shares issuable: 200,000
shares)
(2) Total Amount to be Paid Y 595,960,000
(Y 2,979.80 per share)
(3) Amount of Stated Capital Y 297,980,000
to be Increased (Y1,489.90 per share)
(4) Amount of Additional Paid-in Y 297,980,000
Capital to be Increased (Y1,489.90 per share)
(5) Subscription Period Tuesday, September 13, 2011
(Subscription Date)
(6) Payment Date Wednesday, September 14, 2011
[For Reference]
1. The Capital Increase by way of Third-Party Allotment
described above was resolved at a meeting of the board of directors
held on August 15, 2011, simultaneously with the Issuance of New
Shares by way of Offering (Public Offering), the Disposal of
Treasury Shares (Public Offering) and Secondary Offering of Shares
(Secondary Offering by way of Over-Allotment).
For the details of the Capital Increase by way of Third-Party
Allotment, please refer to "Announcement Concerning Issuance of New
Shares, Disposal of Treasury Shares and Secondary Offering of
Shares" announced on August 15, 2011 and "Announcement Concerning
Determination of Issue Price, Disposal Price and Selling Price and
Other Matters" announced on August 23, 2011.
2. Change in the Total Number of Issued Shares as a Result of
the Capital Increase by way of Third-Party Allotment
Total number of issued shares at present: 12,172,000 shares
Increase in the number of shares this 200,000 shares
time:
Total number of issued shares after 12,372,000 shares
the capital increase:
3. Use of proceeds to be raised from the Capital Increase by way
of Third-Party Allotment
The estimated amount of proceeds of 4,568,690,000 yen (the sum
of 585,960,000 yen, the estimated proceeds from the above-mentioned
Capital Increase by way of Third-Party Allotment of shares, and
3,982,730,000 yen, the estimated proceeds from the Public Offering,
which was resolved on the same date as such Capital Increase by way
of Third-Party Allotment) is expected to be used in full as funds
for capital expenditures in connection with the ceramic components
business of the Company and Maruwa (Malaysia) Sdn.Bhd, a subsidiary
of the Company. Funds required for capital expenditures of Maruwa
(Malaysia) Sdn.Bhd. are expected to be invested or loaned by the
Company.
These capital expenditures are intended to enhance production
capacity, with proceeds to be allocated to the following product
lines during the period from September, 2011 to March, 2013:
(i) 2,823,000,000 yen for ceramic substrates for power modules
used in inverters for hybrid cars, electric cars, wind-power
generation, high-speed rail, etc. all of which constitute effective
measures against global warming and for energy conservation;
(ii) 1,110,000,000 yen for EMC components used in high-function
cell phones to assure accurate operation of contactless
communication of cell phones typified by "Osaifu-Keitai"; and
(iii) the remainder for LED ceramic module substrates for power
LEDs used in high-brightness lighting equipment, including fixtures
for roads and apparatus for streets and public spaces.
As manufacturer of the products mentioned above, the Group will
respond to increasingly sophisticated market needs by improving the
quality of existing materials and developing new materials.
For the content of the capital expenditure plans of the Group,
please refer to "Announcement Concerning Issuance of New Shares,
Disposal of Treasury Shares and Secondary Offering of Shares"
released on August 15, 2011.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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