2019
June 17, 2019
MINEBEA MITSUMI Inc.
Notice of Share Consolidation by a Consolidated Subsidiary
MINEBEA MITSUMI Inc. (the "Company") hereby announces that its consolidated subsidiary, U-Shin Ltd. (Securities Code: 6985, First Section of the Tokyo Stock Exchange; "U-Shin"), has announced in its "Announcement Regarding Share Consolidation, Abolishment of Share Unit Number Provisions, and Partial Amendment of the Articles of Incorporation" dated June 17, 2019 (as attached; the "U-Shin Press Release") that its board of directors has resolved at its meeting held on June 17, 2019 to put forward proposals for the consolidation of shares (the "Share Consolidation"), the abolition of provisions on the number of shares constituting one unit, and the partial revision of its articles of incorporation at its extraordinary general meeting of shareholders scheduled to be held on July 8, 2019.
As announced in the "Announcement of Results of Tender Offer for Shares in U-Shin Ltd. (Securities Code: 6985) for Business Integration with U-Shin Ltd. and Changes in Subsidiaries" dated April 11, 2019, the Company has decided to progress as planned with procedures for the purpose of business integration with U-Shin, and as announced in the "Announcement of Planned Commencement of Tender Offer for Shares in U-Shin Ltd. (Securities Code: 6985) for Business Integration with U-Shin Ltd." dated November 7, 2018, the amount of money expected to be delivered to shareholders pursuant to the handling of fractional shares in the Share Consolidation is planned to be the amount calculated by multiplying the number of U-Shin shares owned by each shareholder entered or recorded in the final shareholder register of U-Shin on the day preceding the effective date of the Share Consolidation by 985 yen, which is equivalent to the tender offer price. For details of the Share Consolidation, please refer to the U-Shin Press Release.
| Company Name: | MINEBEA MITSUMI Inc. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, CEO & COO (Code No. 6479, TSE Div. No. 1) |
| Contact: | Takayuki Ishikawa General Manager Corporate Communications and Investor Relations Office |
| Phone: | +81-(0)3-6758-6703 |
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