Tokyo, August 11, 2003 -Mitsubishi Heavy Industries, Ltd. (MHI) hereby gives the following notice :the exercise value of the subscription right to new shares issued
as stock options, and other related items were decided on the date hereof pursuant
to the resolution passed at the meeting of the Board of Directors held on July
29, 2003.
| 1. |
Issue date of subscription right
August 11, 2003 |
| 2. |
Total number of subscription rights issued
535
(the number of new shares subject to subscription right shall be 1,000) |
| 3. |
Type and number of shares subject to subscription right
535,000 shares of the Company's common stock |
| 4. |
Amount to be paid upon exercise of subscription right
| (1) |
The amount to be paid per share issued or transferred by the
exercise of each subscription right (the "exercise value")
315 yen |
| (2) |
The amount to be paid upon exercise of each subscription
right
315,000 yen |
Note: The exercise value was determined as the amount (rounding
up all fractions of less than one yen)of the average value of the closing price
on the Tokyo Stock Exchange for regular transactions of common shares of the Company
for each day of the month preceding the month of the date of issuance (July 2003).
|
| 5. |
Total value of the Company's common stock issued or transferred
through exercise of subscription rights
168,525,000 yen |
| 6. |
The capitalized amount of issuing value of shares issued following
the exercise of subscription rights
158 yen per share
Reference
| 1. |
Date of resolution of the Board of Directors Meeting that
decided the proposal to the Ordinary General Meeting of Shareholders
May 14, 2003 |
| 2. |
Date of resolution of the Ordinary General Meeting of Shareholders
June 26, 2003 |
| 3. |
Date of resolution of the Board of Directors Meeting regarding
details of issue of Stock Options
July 29, 2003 |
|
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About Mitsubishi Heavy Industries:
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan is one
of the world's leading global heavy machinery manufacturers, with fiscal 2002
(ended March 31, 2003) consolidated sales of 2,593 billion yen (US$21.6 billion).
MHI's diverse line-up of products and services encompasses shipbuilding, steel
structures, power plants, chemical plants, steel plants, environmental equipment,
and machinery for industrial and general use, aircraft, and space rocketry and
air-conditioning systems.
For more information, please visit the web site of MHI. (http://www.mhi.co.jp)
Press Contact:
Chris Grams:cgrams@golinharris.com,
or
Goro Nagaoka: gnagaoka@golinharris.com
Tel: +81-3-5721-2521, Fax: +81-3-5721-2591
Golin/Harris International (PR for Mitsubishi Heavy Industries) |
