Dentsu Announces Determination of Number of New Shares to be Issued
OREANDA-NEWS. Dentsu Inc. announced that, in connection with the resolution at a meeting of Dentsu’s Board of Directors held on July 3, 2013 to issue new shares of common stock, the number of new shares has been determined as a result of the exercise of the option to purchase additional shares of common stock granted to the international managers in the International Offering. The details are as set forth below.
Number of shares to be issued as a result of the exercise of the option granted to the international managers: 2,000,000 shares
In addition to the above, up to 3,000,000 shares of common stock of Dentsu may be issued on Tuesday, August 27, 2013 by way of third-party allotment to the lead manager in the Japanese Public Offering in connection with the secondary offering to cover over-allotments.
The net proceeds from the Japanese Public Offering and the International Offering, which are JPY 112,757,800,000, together with the net proceeds from the Third-Party Allotment, which are estimated to be a maximum of JPY 9,128,200,000, will be used by the end of September 2013 to repay a portion of JPY 200 billion yen of short-term debt borrowed in connection with Dentsu’s acquisition of Aegis Group plc.
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