Mitsubishi Electric to Apply for Delisting from Certain Stock Exchanges
TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) has taken the decision to file applications with the regulatory authorities of the respective stock exchanges referred to below, to have its shares (or, in the case of the Frankfurt Stock Exchange, the depositary receipts in respect thereof) delisted from the Osaka Securities Exchange, the Frankfurt Stock Exchange and the Euronext Amsterdam.
The company expects to file the delisting applications with the relevant stock exchanges from August 2010 onwards and expects the delistings to be completed around December 2010.
As very few trades of the company's shares (or, in the case of the Frankfurt Stock Exchange, the depositary receipts in respect thereof) take place on the Osaka Securities Exchange, the Frankfurt Stock Exchange and the Euronext Amsterdam, it is the company's understanding that the decision to delist from these three stock exchanges is unlikely to affect investors' and shareholders' interests; therefore, the company has decided to apply for a delisting from the three stock exchanges specified above.
Other stock exchanges on which the company's shares are listed, besides the Osaka Securities Exchange, the Frankfurt Stock Exchange and the Euronext Amsterdam are the Tokyo Stock Exchange and the London Stock Exchange.
About Mitsubishi Electric
With over 85 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company recorded consolidated group sales of 3,353.2 billion yen (US$ 36.1 billion*) in the fiscal year ended March 31, 2010. For more information visit http://global.mitsubishielectric.com
*At an exchange rate of 93 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2010
CONTACT:
Mitsubishi Electric Corporation
Investor Relations Inquiries:
Investor Relations Group, +81-3-3218-2391
Corporate Finance Division
Cad.Irg@rk.MitsubishiElectric.co.jp
or
Media Contact:
Katsunobu Muroi, +81-3-3218-2346
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
http://global.mitsubishielectric.com/news/
KEYWORDS: United Kingdom Europe Asia Pacific Netherlands Germany Japan
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