TOKYO–(BUSINESS MALARAR)–Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has decided to apply to the Financial Conduct Authority (FCA) to delist its ordinary shares and revoke its trading authorization. Its ordinary shares on the main market of the London Stock Exchange (LSE), given the very limited number of the company’s shares traded on the LSE, maintaining a listing would not be of significant benefit and delisting would have a negligible impact. the company’s shareholders or other investors; An application will be submitted to the LSE in January 2023 and the withdrawal is expected to be completed by early February 2023. Mitsubishi Electric will continue to maintain its listing on the Tokyo Stock Exchange.
About Mitsubishi Electric Corporation
With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO:6503) is a recognized global leader in the manufacturing, marketing and sales of electrical and electronic equipment used in information processing and communications, space development. and satellite communications, consumer electronics, industrial technology, energy, transportation and construction equipment. Mitsubishi Electric enriches society with technology in its spirit of “Change for the better”. The company posted revenue of ¥4,476.7 billion (US$36.7 billion*) for the fiscal year ending March 31, 2022. For more information visit www.MitsubishiElectric.com
*USD amounts are converted to yen at a rate of ¥122=US$1, the approximate exchange rate on March 31, 2022 in the Tokyo foreign exchange market.
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