Notice regarding Tokyo Century's Private Placement
February 6, 2020
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO) plans to acquire 4,100,900 shares, which are part of the common shares issued by Tokyo Century Corporation (headquartered in Chiyoda-ku, Tokyo, Shunichi Asada, President & CEO; hereinafter "Tokyo Century"), an affiliated company accounted for by the equity method, on February 25, 2020 through a private placement.
With this acquisition, the company's holdings of Tokyo Century shares are as follows:
・Number of shares held: 30,757,100 shares
・Percentage of total issued shares: 25.00% *
We have been supporting the growth of Tokyo Century through collaboration with the company. We will further expand this initiative, expand business with our group companies, and promote collaboration utilizing our domestic and overseas networks.
- *This calculation uses 123,028,320 shares as the denominator, which includes 106,624,620 shares of issued shares by Tokyo Century, plus a total of 16,403,700 shares scheduled to be newly issued on February 25, 2020.