|Friday, 18 December 2009, 15:55 HKT|
Source: NEC Corporation
Tokyo, Dec 18, 2009 - (ACN Newswire) - NEC Corporation (NEC) today announced that, in connection with the issuance of new shares by way of third-party allotment, which was resolved at the meeting of the Board of Directors of NEC held on November 6, 2009, NEC has been notified by the allottee that it will subscribe in full for the shares to be issued.
This press release has been prepared for the purpose of disclosing certain material matters relating to NEC Corporation (the "Company") and not for the purpose of inducing any investment. This press release is not an offer of any securities of the Company for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States. No public offering of securities in the United States or the United Kingdom will be made in connection with the transactions mentioned above. Additionally, this press release does not constitute an offer of any securities of the Company for sale in the United Kingdom nor does it constitute an invitation or inducement to engage in investment activity or financial promotion for purposes of the Financial Services and Markets Act 2000 of the United Kingdom.
The Company is subject to an order issued by the U.S. Securities and Exchange Commission (the "SEC") under Section 12(j) of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). The SEC ordered that the registration under the Exchange Act of the common stock of the Company be revoked. As a consequence of this order, no member of a U.S. national securities exchange and no broker or dealer may effect any transaction in, or induce the purchase or sale of, shares or American depositary shares of the Company within the United States. U.S. investors who wish to purchase shares or American depositary shares of the Company will be able to do so only if they are outside the United States or if they act entirely through offices or affiliates outside the United States.
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.
Dec 18, 2009
Source: NEC Corporation
NEC Corporation (TSE: 6701)
Topic: Press release summary
Sectors: Financial General, Business General
From the Asia Corporate News Network
Copyright © 2013 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.