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Yamaha Motor Co., Ltd. (the "Company") announces that it has been notified by the Allottee that, in relation to the Issuance of New Shares by way of Third-Party Allotment, which was resolved at a meeting of the board of directors held on April 2, 2010, simultaneously with the Issuance of New Shares by way of Offering (Public Offering) and Secondary Offering of Shares (Secondary Offering by way of Over-Allotment), the Allottee elects to subscribe for all of the shares issuable in connection therewith as set forth below:
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| (1) |
Number of New Shares |
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8,250,000 shares |
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(Number of shares issuable: 8,250,000 shares) |
| (2) |
Total Amount to be Paid |
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 9,736,650,000 |
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( 1,180.20 per share) |
| (3) |
Amount of Stated Capital to be
Increased |
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4,868,325,000 |
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( 590.10 per share) |
| (4) |
Amount of Additional Paid-in
Capital to be Increased |
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4,868,325,000 |
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( 590.10 per share) |
| (5) |
Subscription Period
(Subscription Date) |
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Monday, May 10, 2010 |
| (6) |
Payment Date |
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Tuesday, May 11, 2010 |
| (7) |
Allottee |
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Nomura Securities Co., Ltd. |
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| [For Reference] |
| 1. |
The Capital Increase by way of Third-Party Allotment described above was resolved at a meeting of the board of directors held on April 2, 2010, simultaneously with the Issuance of New Shares by way of Offering (Public Offering) and Secondary Offering of Shares (Secondary Offering by way of Over-Allotment).
For the details of the Capital Increase by way of Third-Party Allotment, please see "Announcement Concerning the Issuance of New Shares and Secondary Offering of Shares" announced on April 2, 2010 and "Announcement Concerning Determination of Issue Price and Selling Price and Other Matters" announced on April 13, 2010. |
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| 2. |
Change in the Total Number of Issued Shares as a Result of the Capital Increase by way of Third-Party Allotment |
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Total number of issued shares at present: |
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341,507,784 shares |
Increase in the number of shares this time: |
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8,250,000 shares |
Total number of issued shares after the capital increase: |
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349,757,784 shares |
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| 3. |
Use of proceeds to be raised this time |
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Proceeds from the Public Offering and Capital Increase by way of Third-Party Allotment of shares to be raised this time, which are estimated to be 74,287,650,000 yen in total, are planned to be used in full as funds for research and development.
Under the new mid-term management plan formulated in February 2010, Yamaha Motor group will focus on "growth in the emerging markets and the ASEAN market" and "growth led by accelerated development of environmentally friendly engines and electric operation technologies", and research and development investment for three years from fiscal year 2010 through fiscal year 2012 totaling 202 billion yen is scheduled. Out of the proceeds to be invested in research and development, 34.7 billion yen has been allocated as investment in the development of next-generation environmentally friendly engines aimed at enhancing fuel consumption efficiency in motorcycles and outboard motors, 19.3 billion yen has been allocated as investment in the development of strategically low-priced motorcycles targeted for developing countries centered around India and China, 8 billion yen has been allocated as investment in the development of new driving power (smart power), pursuing new mobility as represented by electric vehicles such as electric powered motorcycles and electrical power assisted bicycles, and the remainder has been allocated as investment in other developments. As for the timing for expenditure of the proceeds to be raised, such proceeds are expected to be evenly allocated in each fiscal year from 2010 through 2012. |
Note: This press release does not constitute an offer of any securities for sale. This press release has been prepared for the sole purpose of publicly announcing the number of new shares to be issued relating to the capital increase by way of third-party allotment, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. This press release is not an offer of securities for sale in the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933. No offer of securities in the United States will be made in connection with the above-mentioned transactions. |
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