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TOKYO, JAPAN, September 13, 2005 - Elpida Memory, Inc (Elpida), Japan's leading global supplier of Dynamic Random Access Memory (DRAM) products, today announced that its leading shareholder, Hitachi, has sold a portion of its Elpida shares. As a result of the sale, Elpida will no longer be counted as an affiliate of Hitachi.
- Shareholder
| (1) Company name: |
Hitachi, Ltd. (Hitachi) |
| (2) Headquarters: |
Chiyoda-ku, Tokyo, Japan |
| (3) President, Chief Executive Officer and Director: |
Mr. Etsuhiko Shoyama |
- Number of shares sold, amount of voting stock before and after changes in stock ownership (along with total stock ownership) and percentages of voting stock
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Pre-sale
(as of July 31, 2005) |
Post-sale |
| Shareholder |
No. of Shares to Be Sold |
Voting Stock
(Total Stock Ownership) |
% of Voting Stock* |
Shareholding Rank |
Voting Stock
(Total Stock Ownership) |
% of Voting Stock* |
Shareholding Rank |
| Hitachi, Ltd. |
4,000,000 |
229,999
(22,999,980) |
23.84% |
2nd |
189,999
(18,999,980) |
19.70% |
1st |
*Note: The amount of voting stock as of both July 31, 2005 and today is 964,611 compared with 919,811 on March 31, 2005. The increase is calculated as follows:
964,611 (total voting stock as of July 31, 2005 and today) = 919,811 (total voting stock as of March 31, 2005) + 44,800 (voting stock raised in May and June through a conversion of Class B stock to common stock).
- Impact of the Sale of Shares
With the sale of a portion of Hitachi's Elpida shares, Elpida will no longer be considered an equity-method holding of Hitachi. However, the business relationship with Hitachi will remain the same, and we do not expect a change in its Elpida share ownership to affect our business performance.
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The information contained within this news release, is current as of the date of release. Please note that the information herein may be revised later without prior notice.
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