Printer Friendly

Panasonic files shelf registration statement in Japan for issue of stock acquisition rights.

TELECOMWORLDWIRE-May 13, 2011-Panasonic files shelf registration statement in Japan for issue of stock acquisition rights(C)1994-2011 M2 COMMUNICATIONS http://www.m2.com

Japanese consumer electronics company Panasonic Corporation (NYSE:PC) (TOKYO:6752) said today that it will file a shelf registration statement with the Japanese regulatory authorities concerning possible issues of stock acquisition rights in the form of a rights offering to shareholders.

The issuable amount will be JPY5.0bn, representing the total amount to be paid upon exercise of all stock acquisition rights. There will be no issue price for the stock acquisition rights.

Under the terms of the shelf registration statement the issuable period covers two years from the effective date of the shelf registration of stock acquisition rights, or from 23 May 2011 through to 22 May 2013.

This shelf registration statement will enable Panasonic to promptly issue stock acquisition rights if it deems necessary, the company said.

USD1 = JPY80.71)

((Comments on this story may be sent to tww.feedback@m2.com))

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Telecomworldwire
Date:May 13, 2011
Words:167
Previous Article:Zayo Group reports increased Q3 net loss but 35% growth in revenue.
Next Article:VeriFone and Hypercom respond to US Department of Justice antitrust concerns.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters