JT Looks to Create Wider Investor Base

Source from:  Tobacco Reporter 04/16/2012

Japan Tobacco Inc. is to split its stocks so as to help increase its investor base. The company will split its stock in the ratio 1:200 and, at the same time, will adopt the share unit system that sets a share trading unit at 100 shares. This is in line with a decision by the Japanese Stock Exchanges Conference to designate a trading unit at either 100 shares or 1,000 shares by April 1, 2014. As a result of these changes, the investment unit in respect of JT's shares will be halved from what it is at present, thus allowing more people and organizations to invest in the company. The total number of issued shares will be increased from 10,000,000 to 2,000,000,000, effective July 1, 2012. Enditem