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Notice of Intent to Change the Number of Shares Constituting the Minimum Trading Lot
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At the Board of Directors Meeting on May 17, 2002, YAMAHA resolved to change the number of shares constituting the minimum trading lot for Company stock.
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| 1. Reason for changing size of minimum trading lot |
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| The change will be made to improve the liquidity of the Company's stock and expand the number of individual shareholders. |
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| 2. Details |
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| The number of shares constituting the minimum trading lot will be changed from 1,000 to 100 shares. |
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| 3. Date on which change will occur (tentative) |
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| Reference |
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On August 1, 2002, the number of shares constituting the minimum trading lot on the Tokyo Stock Exchange will be changed from 1,000 to 100.
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Effective July 31, 2002, the Company will deliver 100-share stock certificates to shareholders for every whole-number multiple of 100 shares held in stock certificates that are registered in the stock ledger and are of a size smaller than the new minimum trading lot.
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Schedule of changes |
| May 17, 2002 (Friday) |
Board of Directors Meeting concerning changes in the number of shares constituting the minimum trading lot |
| May 20, 2002 (Monday) |
Notify shareholders and publicize meeting |
| July 31, 2002 (Wednesday) |
Instructions sent to shareholders regarding how to receive new trading lot certificates |
| August 1, 2002 (Thursday) |
The change in the number of shares constituting the minimum trading lot goes into effect; commencement of transactions using the new minimum trading lot |
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For more information, please contact
Yamaha Corporation
Public Relations Division
Corporate Communications Group
TEL. +81-3- 5488-6601
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