Streaksai Regulatory News (STK)

29 Dec 2005 07:38

Softbank Corp29 December 2005 December 22, 2005 Announcement of dilution gains from changes in equity interests brought by issueof new shares by an affiliated company Due to a large scale exercise of stock acquisition rights attached to theyen-denominated convertible bonds with stock acquisition rights issued by SBIHoldings, Inc. (Head Office: Minato-ku, Tokyo; Representative: Yoshitaka Kitao;hereafter "SBI"), an affiliated company under the equity method of SOFTBANKCORP. (the Company), the Company expects to record dilution gains from changesin equity interests. Details are as follows: 1. Situation of exercising stock acquisition (1) Yen-denominated convertible bonds with stock acquisition rights due in 2008 Number of stocks delivered: 180,057 shares (including newly issued 180,057 shares) Conversion Rate: 53.3 % (2) Yen-denominated convertible bonds with stock acquisition rights due in 2009 Number of stocks delivered: 107,758 shares (including newly issued 107,758 shares) Conversion Rate: 21.3 % For details, please refer to the press release by SBI Holdings, Inc. as ofDecember 22, 2005. 2. Changes in equity interests of the SOFTBANK Group Equity interest Number of shares held Total number of outstanding ratio sharesBefore issue of new shares 35.6% 3,245,811.21 shares 9,190,105.49 shares (as of December 22, 2005)After issue of new shares 34.5% 3,245,811.21 shares 9,477,920.49 shares (Note 1) Equity interest ratio is calculated excluding treasury stock held bySBI. (Note 2) Number of shares held represents the indirect share interest bySoftbank AM Corp. (wholly-owned subsidiary of the Company). (Note 3) Total number of outstanding shares represents the total number ofshares issued by SBI based on its stand-alone semi-annual financial report. 3. Impact on consolidated financial results As a result of the issue of new shares by SBI, the Company expects to recordextraordinary profit of 2.2 yen billion in the 3rd quarter of the fiscal yearending March 2006, for the dilution gains from changes in equity interest of theCompany. This information is provided by RNS The company news service from the London Stock Exchange