TOKYO — (BUSINESS WIRE) — June 12, 2017 — Renesas Electronics Corporation (TSE:6723, “Renesas”) announced that, with respect to the secondary offering of shares of common stock of Renesas announced on May 18, 2017 and May 31, 2017, 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 |
403,148,000 shares of common stock of Renesas, which is the sum of (i) through (iii) below.
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(i) |
107,444,900 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. |
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(ii) |
259,888,200 shares of common stock of Renesas to be underwritten and purchased by the international underwriters in the International Secondary Offering. |
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(iii) |
A maximum of 35,814,900 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. |
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| (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: |
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(ii) |
Shares to be underwritten and purchased by the international underwriters in the International Secondary Offering as described in (1)(ii) above: |
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(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: |
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| (3) | Selling Price *1 |
825 yen per share |
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| (4) |
Aggregate Amount of Selling Price *2 |
332,597,100,000 yen |
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| (5) | Purchase Price *1 |
The purchase price in respect of the shares
to be sold by Innovation Network Corporation of Japan
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The purchase price in respect of the shares
to be sold by other sellers
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| (6) | Aggregate Amount of Purchase Price *2 |
328,754,532,176 yen |
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(7) |
Subscription Period (for the Japanese offering) |
From Tuesday, June 13, 2017 to Wednesday, June 14, 2017 |
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| (8) | Delivery Date |
Tuesday, June 20, 2017 |
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Notes: |
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| *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. | |
