Notice of Determination of the Public Offering Share Price and Number of Shares to be Sold Through Over-Allotment |
September 1, 2003-NEC System Technologies, Ltd. announced today that it has set the price for the public offering of its new shares and has also determined the number of shares to be sold through over-allotment as follows.
| 1. |
Offering price
4,000 yen per share
|
| 2. |
Basis for determining the price
Book building was conducted in accordance with the provisional term for the price (3,500 to 4,000 yen).
The process elicited the following response from the investors.
| (1) | The total number of shares in demand that was reported was well above the total number of shares to be offered (7,180,000 shares, consisting of a public offering of 3,500,000 shares, 3,500,000 shares sold through underwriting by the underwriters and maximum 180,000 shares sold through over-allotment.) |
| (2) | There was a large number of potential investors who reported demand. |
| (3) | A significant portion of the reported demand was concentrated in the maximum price range of the provisional term. |
For the above book building results, the company set the price per share at 4,000 yen. This price is expected to attract demand exceeding the number of shares to be offered and reflects recent stock market trends, market response to recent IPOs, and the price fluctuation risk between now and the listing date.
The underwriting price is set at 3,780 yen per share.
|
| 3. |
The number of shares to be sold though over-allotment
180,000 shares
|
Representative
Toshihiko Takahashi, President
(Code number: 3717)
NEC System Technologies, Ltd.
Inquiries
Hiroshi Minami, Senior Vice President
|
[For reference]
|
| 1. |
Number of shares to be issued and number to be sold
| (1) | Number of shares to be issued: 3,500,000 common shares |
| (2) |
Number of shares to be sold:
The portion sold through underwriting by the underwriters: 3,500,000 common shares
The portion sold through over-allotment: maximum of 180,000 common shares
|
|
| 2. |
The period for subscription
September 3, 2003 (Wednesday) to September 8, 2003 (Monday)
|
| 3. |
The date of remittance
September 11, 2003 (Thursday)
|
| 4. |
The date for transfer of the shares
September 12, 2003 (Friday)
|
| 5. |
Initial date in reckoning of dividend
April 1, 2003 (Tuesday)
|
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