Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
September 21, 2004
Determination of terms of issue, etc. of Euro Yen Zero Coupon Convertible Bonds due 2009
Hitachi, Ltd. (TSE:6501 / NYSE:HIT, the “Company”) hereby notifies the determination of the following terms of issue, etc. of the Euro Yen Zero Coupon Convertible Bonds due 2009 (bonds with stock acquisition rights, tenkanshasaigata shinkabu yoyakuken-tsuki shasai) in the total amount of JPY 100 billion, consisting of JPY 50 billion Series A Zero Coupon Convertible Bonds due 2009 and JPY 50 billion Series B Zero Coupon Convertible Bonds due 2009 (collectively, the “Convertible Bonds”). The stock acquisition rights (shinkabu yoyakuken) incorporated in the Convertible Bonds shall be hereinafter referred to as the “Stock Acquisition Rights” and the Convertible Bonds excluding the Stock Acquisition Rights shall be referred to as the “Bonds”. The following terms are applicable to both Series A Zero Coupon Convertible Bonds due 2009 and Series B Zero Coupon Convertible Bonds due 2009.
- The amount to be paid upon exercise of the Stock Acquisition Rights: Equal to the issue price of the Bonds
The amount to be paid per share upon exercise of the Stock Acquisition Rights (the “Conversion Price”): ¥1,009
(Reference)
Share price, etc. on Pricing Date (September 21, 2004)
a. Share price (closing price) on the Tokyo Stock Exchange: ¥686
b. Premium {Conversion Price/Share price (closing price)-1}x100: 47.08% - Floor Conversion Price: ¥822
- Amount to be accounted for as stated capital: ¥505 per share
About Hitachi Ltd.
Hitachi, Ltd. (TSE: 6501 / NYSE:HIT), headquartered in Tokyo, Japan, is a leading global electronics company, with approximately 326,000 employees worldwide. Fiscal 2003 (ended March 31, 2004) consolidated sales totaled 8,632.4 billion yen ($81.4 billion). The company offers a wide range of systems, products and services in market sectors, including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.
