Notice Regarding a Change in the Number of Shares per Unit
2005-12-06
Toyota Tsusho Corporation announced today that the board of directors agreed to amend the corporate bylaws associated with the "Number of Shares per Unit." This change has been recorded in the merger agreement with Tomen Corporation. The board of directors further agreed to attach this resolution onto the agenda of the extraordinary general shareholders' meeting of the Company that is set to be held at the end of February 2006.
1. Reason for the Change
To increase the investor base of the Company and to further improve the liquidity of the Company's shares.
2. Details Regarding the Change
The number of shares per unit shall be reduced from 1,000 shares to 100 shares.
However, this change is subject to the completion of a valid merger between the Company and Tomen Corporation. The validity of the merger shall be based on the approval of the merger agreement at both Company's extraordinary general shareholders' meeting to be held at the end of February 2006.
3. Proposed Date of Change
May 1, 2006
(For Reference Purposes Only)
As of May 1, 2006, the unit of exchange for the Company's shares posted at the Tokyo and Nagoya Stock Exchanges shall also be changed from 1,000 shares to 100 shares.
press release (original)(13KB)
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