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- Mitsui & Co., Ltd.
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- Mitsui & Co., Ltd.
Corporate Communications Division
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Main Contents
Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori), at a meeting of the Board of Directors on May 1, 2024, resolved to conduct a share split and make a partial amendment to the articles of incorporation in conjunction with this split.
1. Overview of the Share Split
(1) Purpose of the share split
By lowering the stock price per investment unit of common stock, Mitsui will allow for investing to become more accessible for our shareholders, as well as enable greater liquidity in our stock and further expansion of our investor base.
(2) Method of the share split
Each share of common stock owned by shareholders listed or recorded in the register of shareholders on the record date of June 30, 2024 will be split into two shares.
Since this date falls on a non-business day of the administrator of the register of shareholders, the actual record date will be June 28, 2024.
(3) Number of shares to be increased by the share split.
| Total number of issued shares prior to the share split | 1,513,693,486 |
|---|---|
| Number of shares to be increased by the share split | 1,513,693,486 |
| Total number of issued shares after the share split | 3,027,386,972 |
| Total number of issuable shares after the share split | 5,000,000,000 |
(4) Schedule for the share split
| Public notice of record date (scheduled) | June 11, 2024 |
|---|---|
| Record date | June 30, 2024 |
| Effective date | July 1, 2024 |
(5) Other
The share split will not result in any change in Mitsui's capital.
2. Partial Amendment to the Articles of Incorporation
(1) Purpose of the amendment
In accordance with this share split, by resolution of the Board of Directors pursuant to Article 184 (2) of the Companies Act of Japan, Mitsui will make the following partial amendment to the Articles of Incorporation, effective from July 1, 2024.
(2) Details of the amendment
| Before the amendment | After the amendment |
|---|---|
| (Total Number of Issuable Shares) Article 6. The total number of shares that can be issued by the Company shall be 2,500,000,000. |
(Total Number of Issuable Shares) Article 6. The total number of shares that can be issued by the Company shall be 5,000,000,000. |
(3) Schedule of the amendment
| Date of Board of Directors' resolution | May 1, 2024 |
|---|---|
| Effective Date | July 1, 2024 |