Mitsui & Co., Ltd. (Mitsui) announced today that Mitsui has decided to acquire newly issued shares by third party allotment of, which Mitsui Life Insurance Company Limited (Mitsui Life) has resolved to issue at the board of directors held today, particulars of which are as follows:
Conditions of the acquisition
|(1) Number of Shares to be acquired
||50,000 shares (Type B)
||100,000 yen per share
|(3) Total Payment Amount
|(4) Payment Date (scheduled)
||Dec. 29, 2008
|(5) Number of shares held before this acquisition (share of voting rights)
||Common stock / 12,035,700 shares (4.32%)
|(6) Number of shares to be held after this acquisition
||Common stock / 12,035,700 shares
Type B / 50,000 shares
Mitsui considers Mitsui Life to be one of the most important companies with a longstanding business relationship. Mitsui believes this acquisition will contribute to maintain business ground of both Mitsui and Mitsui Life, and also enable Mitsui to strengthen the relationship with them.
This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
This press release is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.