Fujitsu 2007 Annual Report Download - page 95

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The 13,397,978 shares of Fujitsu Access Limited common stock, the 16,169,940 shares of Fujitsu
Devices Inc. common stock and the 220,697 shares of Fujitsu Wireless Systems Limited common stock
that the Company holds are exempt from this share exchange. The Company will exchange a total of
34,319,427 shares of its common stock with the shareholders of the three subsidiaries, however, the
Company plans to allocate treasury stock held currently and the stock which will be purchased subse-
quently by the effective date for these share exchanges, therefore new common stock will not be issued.
(3) Period of share exchange
q Effective date of share exchange August 1, 2007 (plan)
w Date of share distribution Late September, 2007 (plan)
4. Purchase of treasury stock
For the share exchange stated above, the Company resolved a purchase of treasury stock at the board of
directors meeting held on May 24, 2007 in accordance with Article 156 applied by reading of terms
pursuant to the provisions of Article 165 (3) of the Japanese Corporate Law. The details were as follows:
(1) Contents of the board meeting resolution of purchase of treasury stock
q Objectives for purchase of treasury stock
The Company purchases its treasury stock to allocate its shares to the shareholders of Fujitsu Access
Limited, Fujitsu Devices Inc. and Fujitsu Wireless Systems Limited in order to shift the three subsidiar-
ies into wholly owned subsidiaries through share exchange.
w Content of purchase
•Method of purchase From market
•Class and numbers of shares to be purchased Common stock 34,400,000 shares
(at maximum)
•Amount of cash to be paid for treasury stock purchase ¥28,000 million ($237,288 thousand)
(at maximum)
•Period for treasury stock purchase From May 25, 2007 to July 31, 2007
(2) Purchase of treasury stock
The Company repurchased its 29,740,000 shares of treasury stock at an acquisition cost of ¥24,735 mil-
lion ($209,619 thousand) at the Tokyo Stock Exchange by June 22, 2007.
Annual Report 2007 93