Mitsubishi Estate Co., Ltd. announced today that, in
accordance with the stock option system approved at
the annual shareholder’s meeting on June 28, 2001
and the board of directors meeting on July 26, 2001,
the value of newly issued stock and related conditions
have been finalized as explained below.
1. Value of Newly Issued Stock: 1,205 yen
per share
This is the average closing price of the
company's par-value common stock on the Tokyo Stock Exchange
for trading days in July 2001 multiplied by 1.05.
2. Value Transferred to Capital: 603 yen
per share
3. Number of Shares Issued: 237,000
The number of shares issued shall decrease
if options are not exercised during the designated period
or if an individual eligible for stock options loses said
right.
4. Total Value of Shares Issued: 285,585,000
yen
The total value of the shares issued shall
decrease if options are not exercised during the designated
period or if an individual eligible for stock options
loses said right.
