News Center | Press Releases

Notice regarding Application for Delisting of Stock

Information contained in the news releases are current as of the date of the press announcement, but may be subject to change without prior notice.

Notice regarding Application for Delisting of Stock


November 22, 2006

TDK Corporation (the "Company") hereby announces that at the meeting of the Board of Directors held on November 22, 2006 the Company resolved that it will submit applications for the delisting of common stock of the Company currently listed on the Osaka Securities Exchange and the International Depositary Receipt ("IDR") currently listed on Euronext Brussels.

Particular
  1. Stock Exchanges where the Company will submit the application for delisting:
    Osaka Securities Exchange and Euronext Brussels
    (Reference) Stock exchange on which the Company's shares of common stock will continue to be listed:
    Tokyo Stock Exchange, New York Stock Exchange and London Stock Exchange
  2. Reason for the application for delisting:
    The trading volume of the shares on the said two Stock Exchanges has been extremely low so that there are no sufficient financial reasons to continue listing. The Company also believes that the shares can be traded on the three other Stock Exchanges on which the Company's shares of common stock will continue to be listed, and that the proposed delisting will not cause any substantial inconvenience to the Company's shareholders.
  3. Schedule:
    The Company plans to apply for the delisting of the stock with each of the Osaka Securities Exchange and Euronext Brussels by the end of November 2006. The proposed delisting from the Osaka Securities Exchange and Euronext Brussels is scheduled to be completed in January 2007. In addition, with respect to the completion of the termination of the depositary receipt program at Euronext Brussels, it is estimated that it will take approximately one year to complete the necessary procedures after delisting.
  4. Inquiry as to IDR:
    For further information, please contact:

    Ms. Stephanie van de Perre
    Manager Soges Fiducem S.A.
    ING BELGIUM / Securities Department
    Cours St Michel 60 , 1040 Brussels
    tel : 00 32 2 738 81 09   fax : 00 32 2 738 64 20
    mailto : stephanie.vandeperre@ing.be

For further information, contact the Corporate Communications Dept.
Tel.: 81-3-6778-1055
E-mail: pr@jp.tdk.com

Recommendations

  •  
  •  
  •