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Change in Number of Shares per Unit and
Partial Amendment to Articles of Incorporation
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TOKYO, January 29, 2016 – Ajinomoto Co., Inc. (“Ajinomoto Co.”) announced the resolution made at a board of directors meeting held today to change the number of its shares per unit and to partially amend its articles of incorporation based on the provisions of Article 195-1 of the Companies Act, as outlined below.
1. Change in the Number of Shares per Unit
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Reason for the Change |
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The number of shares per unit will be reduced in consideration of the fact that the deadline for transition to share trading units of 100 shares has been set for October 1, 2018 as many listed companies transition to 100-share trading units based on Japan’s securities exchanges’ “Action Plan for Consolidating Trading Units,” as well as the current status of Ajinomoto Co.’s stock price level and number of shareholders.
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| (2) |
Details of the Change |
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The number of shares per unit will change from 1,000 shares to 100 shares.
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| (3) |
Scheduled Date of Change |
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Friday, April 1, 2016
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(Reference)
Together with the abovementioned change, the minimum share trading unit on the Tokyo Stock Exchange will also be changed from 1,000 shares to 100 shares as of Friday, April 1, 2016.
2. Partial Amendment to the Articles of Incorporation
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Reason for the Amendment |
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The amendment is associated with the abovementioned change in the number of shares per unit.
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| (2) |
Details of the Amendment |
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Details of the amendment are as follows. |
| (The amended portion is underlined.) |
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| Current Article of Incorporation |
After Amendment |
Article 8 Number of Shares per Unit
The number of shares per unit of the Company shall be one thousand (1,000) shares.
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Article 8 Number of Shares per Unit
The number of shares per unit of the Company shall be one hundred (100) shares.
Supplementary Provision
The amendment of Article 8 (Number of Shares per Unit) shall take effect as of April 1, 2016, upon which date this supplementary provision shall be deleted.
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| (3) |
Scheduled Effective Date |
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Friday, April 1, 2016 |
About Ajinomoto Co.
Ajinomoto Co. is a global manufacturer of high-quality seasonings, processed foods, beverages, amino acids, pharmaceuticals and specialty chemicals. For many decades Ajinomoto Co. has contributed to food culture and human health through wide-ranging application of amino acid technologies. Today, the company is becoming increasingly involved with solutions for improved food resources, human health and global sustainability. Founded in 1909 and now operating in 26 countries and regions, Ajinomoto Co. had net sales of JPY 1,006.6 billion (USD 9.17 billion) in fiscal 2014. For more about Ajinomoto Co. (TYO: 2802), visit www.ajinomoto.com.
For further information, please contact here.
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