Last checked at 12 Sep 2011 09:11
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 to be Increased | Y 297,980,000 (Y1,489.90 per share) |
(4) | Amount of Additional Paid-in Capital to be Increased | Y 297,980,000 (Y1,489.90 per share) |
(5) | Subscription Period(Subscription Date) | Tuesday, September 13, 2011 |
(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 time: | 200,000 shares |
Total number of issued shares after the capital increase: | 12,372,000 shares |
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.