Notice regarding acquisition by Canon of Tokki Corp. shares issued through third-party allotment and conversion of Tokki Corp. into consolidated subsidiary
TOKYO, December 28, 2007— Canon Inc. ("Canon"; Chairman and CEO: Fujio Mitarai; Headquarters: Ohta-ku, Tokyo) today announced that it has completed the payment for shares of Tokki Corporation ("Tokki"; President: Teruhisa Tsugami; Headquarters: Chuo-ku, Tokyo) newly issued through a third-party allotment. Combined with the 8,101,620 shares acquired through the tender offer concluded on December 12, 2007, Canon has acquired 22,301,620 shares, which represents a 66.44% ratio of Tokki voting rights. As a result, Tokki has become a consolidated subsidiary of Canon.
Under Phase III of the Excellent Global Corporation Plan launched in 2006, Canon aims to achieve sound growth through focusing energies on further strengthening existing business areas and working toward the creation of next-generation business fields. Tokki, which possesses advanced technology related to production equipment for organic LED displays, is expected to contribute greatly toward the application of organic LED display products.
1.Shares acquired through third-party allotment and status of share ownership before and after acquisition
| (1) | Pre-acquisition share ownership | 8,101,620 shares
(ratio of voting rights: 41.84%) |
|
| (2) | Shares acquired | 14,200,000 shares
(acquisition price: 5,921,400,000 yen) |
|
| (3) | Post-acquisition share ownership | 22,301,620 shares
(ratio of voting rights: 66.44%) (ownership ratio of all outstanding shares: 66.01%) |
2.Profile of Tokki
| (1) | Corporate name: | Tokki Corporation | |
| (2) | Headquarters: | 2-21-2 Hatchobori, Chuo-ku, Tokyo | |
| (3) | Representative: | Teruhisa Tsugami, President | |
| (4) | Business activities: | Developing, manufacturing, and selling, and providing services in relation to, equipment for manufacturing organic LED display panels and thin-film solar cells | |
| (5) | No. of employees: | consolidated: 193; non-consolidated: 172 (as of June 30, 2007) | |
| (6) | Capital: | 3,611,946,400 yen (as of June 30, 2007) | |
| (7) | Establishment: | July 29, 1967 |
