Yamaha Motor Co., Ltd. (the "Company") announces that, in accordance with the "takeover defense measures against attempts at mass acquisition of the Company's shares," the Company today filed with the Kanto Local Finance Bureau a shelf registration statement with the Japanese regulatory authorities for possible issuances of share purchase warrants. Details of this shelf registration statement are as follows:
The purpose of this shelf registration is to extend the issuable period (from July 5, 2007 to July 4, 2009) of a shelf registration statement with the Japanese regulatory authorities for possible issuances of share purchase warrants that is covered by the shelf registration filed on June 27, 2007, and nearing its end.
1. Type of securities |
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Share purchase warrants |
2. Issuable period |
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1 year from the effective date of the shelf registration (from July 5, 2009 to July 4, 2010) |
3. Method of offering |
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Gratis issue to shareholders |
4. Issuable amount |
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573 million yen
(Issuable amount is the total amount to be paid upon exercise of all share purchase warrants. The issue price of a share purchase warrant is zero yen.) |
The Board of Directors has adopted takeover defense measures against attempts of mass acquisition of the Company's shares (the "Plan") at its meeting on February 6, 2007. The Plan was subsequently submitted for affirmation at the 72nd Ordinary General Meeting of Shareholders of the Company held on March 27, 2007. After that, the Board of Directors determined the details of the Plan at its meeting held on the same day. The Board of Directors subsequently decided to continue implementing the Plan at its meetings held on March 26, 2008, and March 25, 2009.
This shelf registration enables the Company to promptly issue its share purchase warrants gratis, whenever it may deem such an issuance necessary in accordance with the Plan.
Refer to the following news releases on the Company's website for specifics on the Plan.
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