Mitsubishi Electric delists shares from London Stock Exchange

TOKYO–(BUSINESS WIRE)–Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has decided to file an application for the delisting of its common shares from the Official List of the Financial Conduct Authority (FCA) and the withdrawal of the admission to trading of its ordinary shares on the Main Market of the London Stock Exchange (LSE), given the very limited number of company shares traded on the LSE, keeping the listing would not provide a significant benefit, and delisting would be a have a negligible effect on the company’s shareholders or other investors. An application will be submitted to the LSE in January 2023 and delisting is expected to be completed in early February 2023. Mitsubishi Electric will 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 manufacture, marketing and sale of electrical and electronic equipment used in information processing and communications, aerospace development and satellite communications , consumer electronics, industrial technology, energy, transportation and construction equipment. Mitsubishi Electric enriches society with technology in the spirit of its Changes for the Better. The company posted sales of 4,476.7 billion yen (US$36.7 billion*) in the fiscal year ended March 31, 2022. For more information, visit www.MitsubishiElectric.com

*Amounts in US dollars are converted from yen at the rate of 122=US$1, the approximate exchange rate on the Tokyo Foreign Exchange Market on March 31, 2022