Recognition of Extraordinary loss - Refinancing of a Subsidiary

Date: 13 March 2009
Source: Nippon Sheet Glass Company Ltd

Date: 13 March 2009

The Board of Nippon Sheet Glass Company Ltd resolved at its meeting earlier today that, on 31 March 2009 NSG Holding Europe Limited, a wholly-owned subsidiary of Nippon Sheet Glass Company Ltd. (hereinafter“NSG”), will redeem 87 million £1 nominal value redeemable shares at par, as provided for under the terms of their issue. 1.The reason for the transactionIt is proposed that NSG Holding Europe Limited will redeem 87 million &pond;1 nominal value redeemable shares at par and the funds for its commercial needs will be advanced from NSG to NSG Holding Europe Limited as debt, with a view to realise a more flexible funding method.Read more.

The Board of Nippon Sheet Glass Company Ltd resolved at its meeting earlier today that, on 31 March 2009 NSG Holding Europe Limited, a wholly-owned subsidiary of Nippon Sheet Glass Company Ltd. (hereinafter“NSG”), will redeem 87 million £1 nominal value redeemable shares at par, as provided for under the terms of their issue.



1.The reason for the transaction

It is proposed that NSG Holding Europe Limited will redeem 87 million &pond;1 nominal value redeemable shares at par and the funds for its commercial needs will be advanced from NSG to NSG Holding Europe Limited as debt, with a view to realise a more flexible funding method.

Read more.
600450 Recognition of Extraordinary loss - Refinancing of a Subsidiary glassonweb.com

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