DENSO Announces Outcome of Tender Offer for its Shares
TOKYO - DENSO Corporation today announced the outcome of the tender offer for its own shares. This is in accordance with regulations prescribed in Provision of Article 156 of the Company Law in Japan.
Descriptions
Details of Tender Offer
| (1) | Name and address of tender offeror | :DENSO Corporation
1-1 Showa-cho, Kariya-shi, Aichi-ken |
| (2) | Type of shares | :Common stock of the Company |
| (3) | Period of tender offer | :From Feb. 1, 2008 (Friday)
to Mar. 3, 2008 (Monday) (21 business days) |
| (4) | Purchase price | :3,560 Japanese yen per share |
| (5) | Number of shares tendered and shares repurchased | :Number of shares tendered: 3,007,300 shares
Number of shares repurchased: 2,600,000 shares (Since the number of shares tendered exceeded the number of planned repurchased shares, tender offeror repurchased shares from each shareholder in proportion to the number of shares tendered.) |
Method of Settlement and Commencement Date
A Purchase Notice will be mailed to the address of tendering shareholders (the address of custodian for foreign shareholders) immediately after the end of the tender offer period. Purchase will be made in cash. The proceeds of purchase after deduction of the withholding tax will be remitted by THE NOMURA SECURITIES CO., LTD. (9-1 1-chome, Nihonbashi, Chuo-ku, Tokyo) to places designated by the tendering individual shareholders who select the separate withholding tax at source, and by the tendering corporation shareholders, immediately after the commencement date of settlement.
Commencement date: Mar. 10, 2008 (Monday)
Copy of the Tender Offer Report is Available for Public Inspection
| DENSO Corporation | 1-1 Showa-cho, Kariya-shi, Aichi-ken |
|---|---|
| Tokyo Stock Exchange, Inc. | 2-1 Nihombashi Kabuto-cho, Chuo-ku, Tokyo |
| The Nagoya Stock Exchange | 8-20 3-chome, Sakae, Naka-ku, Nagoya-shi |
| Osaka Securities Exchange Co., Ltd. | 8-16 1-chome, Kitahama, Chuo-ku, Osaka-shi |
Reference:
Decision of the repurchase of its own shares by the 84th Annual Shareholders' Meeting held on June 26, 2007:
| Type of shares | :Common stock of the Company |
|---|---|
| Total number of shares | :Not to exceed 6,500,000 shares |
| Aggregate purchase price | Not to exceed 32.5 billion yen |
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs approximately 112,000
people in 32 countries and regions, including Japan. Consolidated global sales for fiscal year ended March 31, 2007 totaled US$30.6 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to www.denso.com,
or visit our media website at www.densomediacenter.com
.