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REG - Mitsubishi Corp. - Notice of Changes in Subsidiaries




 



RNS Number : 5277H
Mitsubishi Corporation
25 March 2020
 

Translation of report filed with the Tokyo Stock Exchange on March 25th, 2020

March 25, 2020

To Whom It May Concern

Company name:

Mitsubishi Corporation

Representative:

Takehiko Kakiuchi, President and Chief Executive Officer

Code Number:

8058

Contact:

Akira Konuma, Press Relations Team Leader, Corporate Communications

TEL: 03-3210-2171

 

Notice of Changes in Subsidiaries (Conversion into Specified Subsidiary)

 

Mitsubishi Corporation (MC) hereby announces the following change regarding its subsidiaries.

 

1.     Change

On March 24, MC acquired Eneco Groep N.V. ("Eneco") through Diamond Chubu Europe B.V., a consolidated subsidiary in which MC owns an 80% share. As a result of this acquisition, Eneco is now also a consolidated subsidiary of MC. Furthermore, as a wholly owned subsidiary of Eneco, Eneco Wind Holding N.V. (EWBH) now comprises more than 10% of MC's capital stock, satisfying the condition for it to become a specified subsidiary of MC.

 

2.     Overview of the Specified Subsidiary

(1)

Company Name

Eneco Wind Belgium Holding N.V.

(2)

Address

Brussels, Louizalaan 149, Belgium

(3)

Names and Titles

of Representative

de Haan, CornelisPresident

(4)

Summary of Business

Holding company for wind power projects in Belgium

(5)

Capital Stock

EUR 212 million (25.2 billion yen)  (As of March 19th, 2020)

(6)

Major Shareholders and Shareholding Ratio

Eneco Wind B.V. 99.99%

Eneco B.V. 0.01%

(7)

Date of Establishment

March 25th, 2008

(8)

MC's Relationships

Capital Relationship

Specified subsidiary of MC as of March 24, 2020

Human Relationship

None.

Trading Relationship

None

(9)

Consolidated Financial Position and Operating Results (Past 3 years)


Fiscal Year Ended

December 2017

December 2018

December 2019


Total Equity

EUR 245,380,469

EUR 256,056,306

EUR 271,210,832


Total Assets

EUR 353,356,284

EUR 362,021,637

EUR 447,221,817


Total Equity per Share

EUR 14.54

EUR 15.17

EUR 16.07


Revenue

EUR 44,598,208

EUR 43,964,746

EUR 50,749,126


Net Income Attributable to Owners of the Parent

EUR 4,149,494

EUR 3,934,139

EUR 24,804,095


Net Income per Share

EUR 0.25

EUR 0.23

EUR 1.47

3.   Overview of counterparty of the stock acquisition

(1)

Conrterparty Name

Municipality of Rotterdam

(2)

Address

Coolsingel 40. 3011 AD Rotterdam, The Netherlands

(3)

Otheres

Acquired shares from other 43 municipalities in The Netherlands
 (44 Municipalities in total)

 

4.   Number of shares acquired, and shareholdings before and after the acquisition

(1)

Number of shares held before acquisition

0 shares

(2)

Number of shares acquired

16,877,000 shares

(Number of voting rights : 16,877,000)

(3)

Number of shares held after acquisition

16,877,000 shares

(Number of voting rights : 16,877,000)

(Ratio of voting rights : 100%)

 

5.   Future Outlook

MC is expecting little impact on its business performance due to this change.

-End-

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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