Announcement of stock split
Date: July 25, 2005 Aplix Corporation
As of July 25, 2005, the Board of Directors of Aplix Corporation (“Aplix” or “the company”) had approved, and the company hereby announce the 3-for-1 split of common shares of the company. 1. Purpose of the Stock Split The stock split is intended to increase the liquidity of shares of the company, and to increase the number of investors through lowering the minimum investment amount for the company's common shares.
2. Outline of stock split (1) Stock Split Procedure
(2) Increased number of stocks resulting from stock split
The stocks held by shareholders or beneficial shareholders of record on August 31, 2005, will be split according to a 3-for-1 ratio. The stocks increased by the stock split shall be the common stock, and the number of issued and outstanding shares of common stock at the close of August 31, 2005, multiplied by 2.
3.
Schedule The date of effective and the new stock certificate distributed Initial date of reckoning
October 20, 2005 July 1, 2005
4. Other necessary matters related to the stock split will be resolved by the Board of Directors meeting
This release is a faithful translation of the Japanese official version filed with the Tokyo Stock Exchange, and if there is any discrepancy between the Japanese and the English expressions, the Japanese version shall prevail.
(References) 1. The increase in shares resulting from the stock split is not stated due to the possibility of stock options being exercised between the date of the board of directors' resolution and the record date for the stock split. As a result, the number of outstanding shares on the record date will not be known until that date. 2. Issued and outstanding shares following the stock split are estimated as follows based on the number of outstanding shares as of July 25, 2005. 28,336.30shares Number of outstanding shares as of July 25, 2005 56,672.60shares Increase in shares from the stock split 85,008.90shares Outstanding shares following the stock split 3. The stock split will not increase the amount of capital stock. Capital stock totaled 6,730,162,643 yen as of July 25, 2005. 4. The Board of Directors had also approved that the company's articles of incorporation will be changed on October 20, 2005, to increase the number of authorized shares by 174,200, from 87,100 to 261,300 following the stock split according to Article 218-2 of the Commercial Code. 5. As a result of this stock split, the exercise price for stock options issued according to Article 280-19 of the old Commercial Code and the exercise price of stock acquisition rights will be adjusted as follows as of September 1, 2005. Exercise price Exercise price Issue following adjustment before adjustment Stock warrants #1 50,000 yen 150,000 yen
(distributed July 14, 2001, by old commercial code)
Stock warrants #2
(distributed December 27,2001, by old commercial code)
88,558 yen 88,558 yen 66,667 yen 960,000 yen 1,027,279 yen 833,334 yen 698,500 yen 641,930 yen
265,672 yen 265,672 yen 200,000 yen 2,880,000 yen 3,081,837 yen 2,500,000 yen 2,095,500 yen 1,925,790 yen
Stock warrants #3
(distributed March 22,2002, by old commercial code)
Stock options #4
(distributed September 10,2003)
Stock options #5
(distributed May 25,2004)
Stock options #6
(distributed June 24,2004)
Stock options #7
(distributed February 21,2005)
Stock options #8
(distributed May 25,2005)
Stock options #9
(distributed June 15,2005)
This release is a faithful translation of the Japanese official version filed with the Tokyo Stock Exchange, and if there is any discrepancy between the Japanese and the English expressions, the Japanese version shall prevail.