28 May 2013
TOKYO, Japan, May 28, 2013 — 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 Shares
Issuance 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|
|Yaskawa Electric Corporation||1,250,000||12,500|
2. Reason for Grant of Voting Rights
The 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.
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.
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%|
|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) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, home electronics, office automation, and information communication technology applications that help shape a limitless future. Learn more at 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.