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Relevant Press Releases
FOR IMMEDIATE RELEASE Media Contacts: Yasuhiro Fukagawa, International PR, Tokyo (Tel: 03-3578-1237, Fax: 03-5472-7608)
Matsushita Electric Industrial Co., Ltd. (NYSE and PCX symbol: MC) today announced that it has fixed the payment amount for the exercise of the rights and other pertinent matters in regards to stock acquisition rights as stock options. As previously announced, the issuance of these stock acquisition rights was approved and passed at the 95th Ordinary General Meeting of Shareholders held on June 27, 2002, and the Board of Directors subsequently adopted resolutions at its meeting held on the same day.
The details determined today are as follows:
- Date of issue of stock acquisition rights:
July 15, 2002.
- The amount to be paid upon exercise of each stock acquisition right:
1,734,000 yen (1,734 yen per share of common stock).
- Total amount of the company's common stock to be issued or transferred
as a result of exercise of stock acquisition rights:
- Amount to be transferred to stated capital, out of the issue price
of the shares to be issued upon exercise of stock acquisition rights:
867 yen per share of common stock.
|Note:||For further information regarding the issuance of stock acquisition rights as stock options, please see the press release "Stock Acquisition Rights Proposal Approved at Shareholders' Meeting," dated June 27, 2002.|
Matsushita Electric Industrial Co., Ltd. is one of the world's leading producers of electronic and electric products for consumer, business and industrial use, which it markets around the world under the "Panasonic," "National," "Technics" and "Quasar" brand names. Matsushita's shares are listed on the Tokyo, Osaka, Nagoya, Fukuoka, Sapporo, New York, Pacific, Euronext Amsterdam, Euronext Paris, Frankfurt and Dusseldorf stock exchanges. For more information, visit the Matsushita web site at the following URL: http://www.panasonic.co.jp/global/