REG - Mitsubishi Elect. - Statement re (Delist Shares on LSE)

Mitsubishi ElectricAnnouncement

19/12/2022 09:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221219:nRSS1478Ka&default-theme=true

RNS Number : 1478K  Mitsubishi Electric Corporation  19 December 2022

 

 

 

 FOR IMMEDIATE RELEASE                                 No. 3565

 Investor Relations Inquiries                          Media Inquiries
                                                       Takeyoshi Komatsu
 Investor Relations Group, Corporate Finance Division  Public Relations Division
 Mitsubishi Electric Corporation                       Mitsubishi Electric Corporation
                                                       Tel: +81-3-3218-2346
 Cad.Irg@rk.MitsubishiElectric.co.jp                   prd.gnews@nk.MitsubishiElectric.co.jp
 (mailto:Cad.Irg@rk.MitsubishiElectric.co.jp)          (mailto:prd.gnews@nk.MitsubishiElectric.co.jp)
                                                       www.MitsubishiElectric.com/news/

 

Mitsubishi Electric to Delist Shares on London Stock Exchange

 

TOKYO, December 19, 2022 - Mitsubishi Electric Corporation
(https://www.mitsubishielectric.com/) (TOKYO: 6503) announced today that it
has decided to apply for the delisting of its shares of common stock on the
Official List of the Financial Conduct Authority (FCA), and the cancellation
of the admission to trading of its common shares on the Main Market of the
London Stock Exchange (LSE), in view of the very limited number of company
shares being traded on the LSE, maintaining the listing would offer no
significant benefit, and the delisting would have negligible effect on the
company's shareholders or other investors. An application will be filed with
the LSE within January 2023 and the delisting is expected to be completed by
the beginning of February 2023. Mitsubishi Electric will continue to maintain
its listing on the Tokyo Stock Exchange.

 

###

 

About Mitsubishi Electric Corporation

With more than 100 years of experience in providing reliable, high-quality
products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world
leader in the manufacture, marketing and sales of electrical and electronic
equipment used in information processing and communications, space development
and satellite communications, consumer electronics, industrial technology,
energy, transportation and building equipment. Mitsubishi Electric enriches
society with technology in the spirit of its "Changes for the Better." The
company recorded a revenue of 4,476.7 billion yen (U.S.$ 36.7billion*) in the
fiscal year ended March 31, 2022. For more information, please visit
www.MitsubishiElectric.com

*U.S. dollar amounts are translated from yen at the rate of ¥ 122=U.S.$1, the
approximate rate on the Tokyo Foreign Exchange Market on March 31, 2022

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRBKCBDCBDKPBD