TOKYO — (BUSINESS WIRE) — April 18, 2018 — Renesas Electronics Corporation (TSE:6723, “Renesas”) announced that, with respect to the secondary offering of shares of common stock of Renesas announced on April 3, 2018, the selling price and other matters have been determined today as set forth below.
1. Secondary offering of shares of Renesas (Japanese Secondary Offering by way of Underwriting and Purchase and International Secondary Offering)
| (1) | Class and Number of Shares to be Sold |
262,870,800 shares of common stock of Renesas, which is the sum of (i) through (iii) below. |
||||
|
(i) |
46,941,200 shares of common stock of Renesas to be underwritten and purchased by the Japanese underwriters in the Japanese Secondary Offering by way of Underwriting and Purchase. |
|||||
|
(ii) |
187,764,900 shares of common stock of Renesas to be underwritten and purchased by the international underwriters in the International Secondary Offering. |
|||||
|
(iii) |
A maximum of 28,164,700 shares of common stock of Renesas, which will be subject to the option to be granted to the international underwriters in the International Secondary Offering for purchase of additional shares of common stock of Renesas. |
|||||
| (2) | Sellers and Number of Shares to be Sold |
(i) |
Shares to be underwritten and purchased by the Japanese underwriters in the Japanese Secondary Offering by way of Underwriting and Purchase as described in (1)(i) above: |
|||
|
||||||
|
||||||
|
||||||
|
(ii) |
Shares to be underwritten and purchased by the international underwriters in the International Secondary Offering as described in (1)(ii) above: |
|||||
|
||||||
|
||||||
|
||||||
|
(iii) |
Maximum number of shares of common stock of Renesas, which will be subject to the option to be granted to the international underwriters in the International Secondary Offering for purchase of additional shares as described in (1)(iii) above: |
|||||
|
||||||
|
||||||
| (3) | Selling Price *1 |
1,083 yen per share |
||||
| (4) | Aggregate Amount of Selling Price *2 |
284,689,076,400 yen |
||||
| (5) | Purchase Price *1 |
The purchase price in respect of the shares to be sold by Innovation Network Corporation of Japan |
||||
|
1,073.68 yen per share |
||||||
|
The purchase price in respect of the shares to be sold by other sellers |
||||||
|
1,058.63 yen per share |
||||||
| (6) | Aggregate Amount of Purchase Price *2 |
281,343,476,984 yen |
||||
| (7) | Subscription Period (for the Japanese offering) |
From Thursday, April 19, 2018 to Friday, April 20, 2018 |
||||
| (8) | Delivery Date |
Thursday, April 26, 2018 |
||||
|
Notes: |
||
| *1 | The underwriters will underwrite and purchase the shares at the purchase price and make secondary offerings at the selling price. | |
| *2 | Assuming that the option described in (1) (iii) above will be exercised in full by the international underwriters. | |
