April 28, 2016
|Company Name:||NGK INSULATORS, LTD.|
|Stock Exchange Listings:||Tokyo and Nagoya|
|Representative:||Taku Oshima (Mr.)
|Contact:||Hideaki Shindo (Mr.)
Finance & Accounting Department
NGK INSULATORS, LTD. (NGK) hereby announces that, at the meeting of the board of directors held on April 28, 2016, it was resolved to change the number of shares constituting one unit (“Share Unit Number”) and to amend the Articles of Incorporation in accordance with Article 195, Paragraph 1, of the Company Law, as follows.
In light of "Action Plan for Consolidation of Trading Units" announced by Japanese Stock Exchanges, NGK will reduce the Shares Unit Number in order to create an environment where investors including individual investors will be able to make investments more easily and increase the liquidity of its shares.
The Shares Unit Number will be changed from 1,000 shares to 100 shares.
July 1, 2016
The trading units on the Tokyo and Nagoya Stock Exchanges will also be changed to 100 shares effective July 1, 2016.
Due to the change of the Shares Unit Number described above.
As stated below.
(Amended text is shown underlined.)
|Current Articles of Incorporation||After amendment|
|(Number of Shares Constituting One Unit) Article 8. The number of shares constituting one unit shall be 1,000 shares.||(Number of Shares Constituting One Unit) Article 8. The number of shares constituting one unit shall be 100 shares.|
July 1, 2016