Osaka, Mar 18, 2013 - (JCN Newswire) - Sharp Corporation (the "Company") has previously announced in its press release dated December 4, 2012 that the board of directors of the Company has passed a resolution at the board of directors meeting held on December 4, 2012 for the issuance of new shares by way of the third party allotment to Qualcomm Incorporated ("Qualcomm") with the subscription payment date being March 29, 2013 (the "Second Third Party Allotment Capital Increase").
However, please be informed that the Company will not be able to receive the subscription payment on March 29, the expected subscription payment date, due to certain procedures required under the Companies Act since the discussion on the fulfillment of the conditions precedent to the implementation of the Second Third Party Allotment Capital Increase is still being continued.
The Company, however, intends to continue its discussions with Qualcomm and will promptly issue a press release when the discussions are concluded.
About Sharp
Sharp Corporation (TSE: 6753) is a worldwide developer of innovative products and core technologies that play a key role in shaping the future of electronics. As a leader in liquid crystal displays (LCDs) and digital technologies, Sharp offers one of the broadest and most advanced lines of consumer electronics, information products and electronic components, while also creating new network businesses. For more information, please visit www.sharp.co.jp .
Contact:
Sharp Corporation
Corporate Public Relations Division
Phone: +81-6-6625-3006 (Osaka)
Phone: +81-3-3260-1870 (Tokyo)
Mar 18, 2013
Source: Sharp
Sharp (TSE: 6753) (U.S: SHCAY)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Issue of Stocks/Bonds
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