Renesas Announces Issuance of New Shares and Secondary Offering of Shares
Renesas Electronics Corporation (Renesas, TSE: 6723,) today announced that it has resolved, at the Board of Directors meeting held today, matters relating to an issuance of new shares and a secondary offering of shares of stock of Renesas as set forth below.
- Renesas Electronics Corporation (Renesas, TSE: 6723,) today announced that it has resolved, at the Board of Directors meeting held today, matters relating to an issuance of new shares and a secondary offering of shares of stock of Renesas as set forth below.
- In addition, the secondary offering of shares of Renesas will be conducted by INCJ, Ltd. concurrently with the issuance of new shares through the Japanese Public Offering and the International Offering (each as defined below).
- Renesas shall not pay any underwriting commissions to the Underwriters in respect of the Japanese Public Offering and the International Offering.
- 123,761,800 shares of common stock of Renesas to be underwritten and purchased by the international managers in the International Secondary Offering as described in (3)(ii) below.