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Renesas Electronics announced the assignment of the Voting Rights to Shareholders After Record Date(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 29 May 2013 Release date- 28052013 - TOKYO, Japan - Renesas Electronics Corporation (TSE: 6723, Renesas), a premier supplier of advanced semiconductor solutions, today announced that parties obtaining common shares in the Company by third-party allotment after the Record Date (March 31, 2013) for the Ordinary General Meeting of Shareholders scheduled to be held on June 26, 2013, shall be granted voting rights at said General Meeting of Shareholders, on condition of payment by June 25, 2013, of the Amount to be Paid In. 1. Voting Rights Associated with New SharesIssuance of New Shares by Third-Party Allotment Shareholder Number of New Shares Issued (Common Shares) Voting Rights (Number of Votes) Innovation Network Corporation of Japan 1,152,917,000 11,529,170 Toyota Motor Corporation 41,666,600 416,666 Nissan Motor Co., Ltd. 25,000,000 250,000 Keihin Corporation 8,333,300 83,333 Denso Corporation 8,333,300 83,333 Canon Inc. 4,166,600 41,666 Nikon Corporation 4,166,600 41,666 Panasonic Corporation 4,166,600 41,666 Yaskawa Electric Corporation 1,250,000 12,500 2. Reason for Grant of Voting RightsThe Company, based on a desire that the intentions of shareholders who obtained shares at the point in time closest to the scheduled date of the upcoming Ordinary General Meeting of Shareholders be reflected at said General Meeting of Shareholders, has decided to grant voting rights to shareholders whose shares were obtained after the Record Date, in accordance with Article 124, paragraph 4 of the Companies Act. Reference 1 For an overview of the issue of new shares by third-party allotment, please refer to the news release of December 10, 2012, entitled 'Renesas Electronics Announces Share Issue through Third-Party Allotment, and Change in Major Shareholders, Largest Shareholder who is a Major Shareholder, Parent Company and Other Related Companies,' to the notification of an extraordinary meeting of the Company's Board of Directors on February 22, 2013, and to the notification of the matters decided at said meeting. Note that the scheduled pay-in date for the new share issue by third-party allotment has not yet been determined. Reference 2 If the parties who obtain new shares by third-party allotment exercise their voting rights at the Ordinary General Meeting of Shareholders scheduled to be held on June 26, 2013, their respective shares of the total voting rights (votes) as of May 28, 2013, will be as follows: Shareholder Voting Rights (Number of Votes) Share of Total Voting Rights Innovation Network Corporation of Japan 11,529,170 69.16% Toyota Motor Corporation 416,666 2.50% Nissan Motor Co., Ltd. 250,000 1.50% Keihin Corporation 83,333 0.50% Denso Corporation 83,333 0.50% Canon Inc. 41,666 0.25% Nikon Corporation 41,666 0.25% Panasonic Corporation 41,666 0.25% Yaskawa Electric Corporation 12,500 0.07% Note: The total voting rights (votes) as of May 28, 2013, was calculated by adding to the total number of shareholder votes as of March 31, 2013, the 12,500,000 votes accruing to the new shares from the upcoming third-party allotment. About Renesas Electronics Corporation Renesas Electronics Corporation (TSE: 6723), the world's number one supplier of microcontrollers, is a premier supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in 20 countries worldwide. More information can be found at www.renesas.com. The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice. [Editorial queries for this story should be sent to [email protected]] ((Comments on this story may be sent to [email protected])) (c) 2013 Electronic News Publishing - |