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| Aug 1, 2005 |
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Notice Regarding the Determination of the Exercise Price of Stock Options
(Stock Acquisition Rights)
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TOKYO - DENSO Corporation (the "Company") hereby makes the following announcement. The Exercise Price of the stock acquisition rights to be issued as stock options to directors, managing officers and employees of the Company and directors of any of its subsidiaries (the "Stock Acquisition Right(s)" resolved by the board of directors pursuant to Article 280-20 and 280-21 of the Commercial Code on July 11, 2005) and other related items were determined.
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| 1. |
Issue Date of Stock Acquisition Rights: |
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August 1, 2005 |
| 2. |
The Amount to be Paid upon Exercise of Stock Acquisition Rights: |
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2,758 yen per share |
| 3. |
Total paid-in value of the shares of the common stock of the Company to be issued upon exercise of the Stock Acquisition Rights: |
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3,502,660,000 yen |
| 4. |
Non-Capitalization of the Exercise Price: |
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1,379 yen per share |
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[Reference]
| (1) |
Date of resolution of the board of directors that decided the proposal at the 82nd Annual General Meeting of Shareholders: |
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April 27, 2005 |
| (2) |
Date of resolution of the 82nd Annual General Meeting of Shareholders: |
June 22, 2005 |
| (3) |
Date of resolution of the board of directors that decided the detail of stock acquisition rights to be issued as stock: |
July 11, 2005 |
| (4) |
Schedule of Issuance |
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| July 11, 2005 |
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The meeting of the board of directors |
| July 11, 2005 |
Filing of the Registration Statement at the Ministry of Finance, Kanto Branch |
| August 1, 2005 |
Filing of the Finalized Registration Statement at the Ministry of Finance, Kanto Branch |
| August 1, 2005 |
Registration deadline |
| August 1, 2005 |
Issue date of Stock Acquisition Rights |
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DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs 104,000 people in 31 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2005 totaled US$26.2 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to www.globaldenso.com.
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