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Tokyo, June 30, 2005 - At a board meeting held today, CSK CORPORATION ("CSK") resolved to sell the shares it holds in its equity method affiliate Nextcom K.K. ("Nextcom"), following a share sale implemented by Nextcom. Details are as follows.
| 1. |
Sale of shares: |
42,290 ordinary shares of Nextcom K.K.
In addition to the number of shares mentioned above, it is planned that Nomura Securities Co., Ltd. will be granted an overallotment provision (Green Shoe option) of a maximum of 2,230 ordinary shares of Nextcom.
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| 2. |
Change in number of shares held and voting rights |
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Number of shares held |
Percentage of voting rights |
| Prior to sale |
44,520 shares |
29.83% |
| Following sale |
2,230 shares |
1.49% |
| * |
The above figures for number of shares and voting rights following the sale do not take into account the Green Shoe option |
| * |
The percentage of voting rights is calculated based on total voting rights as of the end of March 2005
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| 3. |
Purchaser of shares: |
Nomura Securities will act as lead underwriter
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| 4. |
Period of sale: |
Late July, 2005 (planned)
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| 5. |
Sale price: |
Unconfirmed (to be decided between July 11-14, 2005)
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| 6. |
Effect on CSK results: |
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The number of shares to be sold and the price are as yet unconfirmed; any profit on the sale of shares will therefore be announced as soon as practicable after the information becomes available. Associated with the decrease in CSK's holdings of Nextcom shares, Nextcom will cease to be an equity method affiliate. |
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