Toyota Motor Corporation Notice concerning Acquisition and Cancellation (4713I)
14 Dicembre 2020 - 9:00AM
UK Regulatory
TIDMTYT
RNS Number : 4713I
Toyota Motor Corporation
14 December 2020
[Reference Translation]
December 14, 2020
To Whom It May Concern:
Company Name: TOYOTA MOTOR CORPORATION
Name and Title Akio Toyoda, President
of Representative:
(Code Number: The First Section of Tokyo
7203 Stock Exchange and Nagoya
Stock Exchange)
Name and Title Kaname Shimizu, General
of Contact Person: Manager, Accounting Division
(Telephone Number: 0565-28-2121)
Notice concerning Acquisition and Cancellation of First Series
Model AA Class Shares
Toyota Motor Corporation ("TMC") hereby informs you that,
regarding the First Series Model AA Class Shares (the "Class
Shares") , its board of directors resolved at a meeting held on
December 14, 2020 to exercise TMC's cash call option to acquire all
outstanding Class Shares and, subject to such acquisition, to
cancel all Class Shares pursuant to Article 178 of the Companies
Act of Japan, as follows.
1. Reason for the Acquisition and Cancellation of the Class
Shares
Under the circumstances in which the pace of technological
advancement in the automobile industry was gaining every day, TMC
believed that, in order to enhance its medium-to-long-term
corporate value, it was imperative to continue to produce
cutting-edge and next-generation technologies which contributed
more than ever to society and the environment, and TMC issued the
Class Shares in July 2015 in order to ensure funds for investment
in next-generation technologies, towards the challenge for the
future of achieving a better car society.
Through the issuance of the Class Shares, TMC has steadily
invested in the future, such as (i) investment in new areas, known
as "CASE", which refers to "Connected", "Autonomous/Automated",
"Shared" and "Electric", (ii) development of next generation
environmentally friendly cars, and (iii) alliances with partners,
including those in different industries.
The purpose of the issuance of the Class Shares was to lay a
foundation for the future mobility society through such investment.
TMC believes that it has achieved certain results, and resolved, at
its board of directors meeting held today, to acquire all
outstanding Class Shares and cancel all Class Shares.
The pace of the environmental changes surrounding the automobile
industry and of technological advancement is increasing. TMC will
continue to strive for the future in accordance with the changing
times.
2. Details of Matters concerning the Acquisition
(1) Class of shares Toyota Motor Corporation First Series
to be acquired Model AA Class Shares
(2) Total number All outstanding Class Shares
of shares to * As of December 14, 2020
be acquired Number of outstanding shares: 45,092,330
shares
Outstanding amount (as defined below):
477,888,513,340 yen
* "Outstanding amount" means the amount
calculated by multiplying the number of
outstanding shares stated above by the
Issue Price (10,598 yen).
(3) Acquisition price Amount calculated by adding the Accrued
of shares (base Dividend (as defined below) to the Issue
price) Price per Class Share (fractions of less
than one yen are rounded down).
* "Accrued Dividend" means the amount
calculated by multiplying the number of
days in the period from and including
the beginning of the fiscal year in which
the date of the acquisition stated in
(5) below falls to and including such
date of the acquisition by the amount
of the First Series AA Dividends (as defined
below), and dividing the product by 365.
* "First Series AA Dividends" means the
amount calculated by multiplying the Issue
Price per Class Share by the annual dividend
rate (2.5%) (fractions of less than one
yen are rounded down).
(4) Notification December 14, 2020
date of Class
Shares to shareholders
(5) Time and date Noon, April 2, 2021
of acquisition
(Reference) Summary of Toyota Motor Corporation First Series
Model AA Class Shares
(1) Issue date July 24, 2015
(2) Issue Price 10,598 yen per share
(3) Aggregate amount 499,165,800,000 yen
of Issue Price
3. Details of Matters concerning the Cancellation
(1) Class of shares Toyota Motor Corporation First Series
to be cancelled Model AA Class Shares
(2) Total number All Class Shares (47,100,000 shares)
of shares to
be cancelled
(3) Effective date April 3, 2021
of cancellation
This cancellation is subject to TMC's acquisition of the Class
Shares stated in 2. above.
4. Effect on TMC's Results
The acquisition and cancellation of the Class Shares will have
no effect on TMC's business results. Cash reserves are planned to
be appropriated to the funds for the acquisition of the Class
Shares.
- End -
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END
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