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FOR IMMEDIATE RELEASE No. 3036
Mitsubishi Electric to Revise Number of Shares Constituting One Unit and Partially Amend Articles of Incorporation
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TOKYO, July 19, 2016 - Mitsubishi Electric Corporation (TOKYO: 6503)announced today that it has decided to revise its number of shares constituting one unit, or its trading unit, and to amend its articles of incorporation in accordance with Article 195, paragraph 1 of the Companies Act of Japan.
Mitsubishi Electric's number of shares constituting one unit will be changed from 1,000 shares to 100 shares effective from October 1, 2016. Simultaneously, the company's minimum share-trading unit on the Tokyo Stock Exchange will be changed from 1,000 shares to 100 shares.
The reduction in number of shares constituting one unit is aimed at providing increased investing opportunities to a wide range of investors and to improve share liquidity. The decision also has been made with respect to the Action Plan for Consolidating Trading Units, an initiative by stock exchanges in Japan to unify trading units at 100 shares.
Mitsubishi Electric's articles of incorporation will be partially amended as of October 1, 2016 as follows:
Note: The amended portion is underlined.
The reduction in number of shares constituting one unit is aimed at providing increased investing opportunities to a wide range of investors and to improve share liquidity. The decision also has been made with respect to the Action Plan for Consolidating Trading Units, an initiative by stock exchanges in Japan to unify trading units at 100 shares.
Mitsubishi Electric's articles of incorporation will be partially amended as of October 1, 2016 as follows:
| Current articles of incorporation | Articles of incorporation after amendment |
| (Number of Shares Constituting One Unit) Article 7 The number of shares constituting one unit of shares of the Company shall be one thousand (1,000) shares. |
(Number of Shares Constituting One Unit) Article 7 The number of shares constituting one unit of shares of the Company shall be one hundred (100) shares. |
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