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Nidec Corporation Announces Notice of Determination of the Terms of Issuance of Euro Yen Convertible-Bonds-Type Bonds With Stock Acquisition Rights Due 2015

Source: Nidec Corporation Nidec Corporation Announces Notice of Determination of the Terms of Issuance of Euro Yen Convertible-Bonds-Type Bonds With Stock Acquisition Rights Due 2015

KYOTO, Japan, Sept. 2, 2010 (GLOBE NEWSWIRE) -- Nidec Corporation (the "Company") (NYSE:NJ) announced today that it had determined the terms of the issuance with regard to the issuance of the Euro Yen Convertible-Bonds-Type Bonds with Stock Acquisition Rights due 2015 (the "Bonds with Stock Acquisition Rights", among which the bonds only shall be referred to as the "Bonds" and the stock acquisition rights only shall be referred to as the "Stock Acquisition Rights" hereinafter). Notice is hereby given of such terms, together with the previously determined items, as described below:

Description       1. Amount of asset to be contributed to capital      upon exercise of a Stock Acquisition Right: Equal to the principal amount of the Bond       2. Conversion Price: 10,626 yen   (For reference) Share price, etc. on the date of the determination of the Conversion Price
(September 2, 2010):         (a) Share price on the Osaka Securities Exchange       Exchange (closing price): 7,590 yen         (b) Percentage of rise ({Conversion Price /      share price (closing price) – 1} x 100): 40.00%       (For reference)         1. Aggregate issue amount of  80,000,000,000 yen and the aggregate principal amount    the Bonds (aggregate  of the Bonds related to the Bonds with Stock Acquisition    principal amount of the  Rights to be additionally issued upon exercise of the    Bonds): rights of the Managers (in the maximum aggregate      principal amount of 20,000,000,000 yen), plus the      aggregate principal amount of the Bonds related to the      replacement Bonds with Stock Acquisition Rights       2. Paid-in amount of each  100.5% of the principal amount of each Bond (principal    Bond: amount of each Bond: 5,000,000 yen)       3. Offer price (issue price) of  102.5% of the principal amount of each Bond   Bonds with Stock      Acquisition Rights:         4. Date of resolution for the  September 2, 2010   issue:         5. Date of allocation of Stock  September 21, 2010 (London time)   Acquisition Rights and      Closing Date for the      Bonds:         6. Exercise period of Stock  Each Stock Acquisition Right may be exercised at any    Acquisition Rights: time during the period from, and including, October 5,      2010 to, and including, September 4, 2015 (at the place      where the Stock Acquisition Right is to be      exercised); however, (i) if the relevant Bond shall have      been called for early redemption, then up to the third      Tokyo Business Day (at the place as aforesaid) prior to      the date fixed for redemption thereof, (ii) if the relevant      Bond shall have been purchased for cancellation, then up      to the time when such Bond is so cancelled, or (iii) if      the relevant Bond shall become due and repayable, then      up to the time when such Bond becomes so due and      repayable; provided, however, that in no event, shall      the Stock Acquisition Rights be exercised after      September 4, 2015 (at the place where the Stock      Acquisition Right is to be exercised).     However, the Stock Acquisition Rights may not be      exercised for such period as may be designated by the      Company, which period may not exceed 30 days, and      which period shall end on a date not later than 14 days      after the Corporate Event Effective Date if the Company      reasonably determines that such suspension is      necessary in order to consummate the relevant      Corporate Event by the Company.       7. Maturity Date: September 18, 2015

For detailed information, please see the press release of the Company dated September 2, 2010 "Notice of Issuance of Euro Yen Convertible-Bonds-Type Bonds with Stock Acquisition Rights Due 2015".

The Nidec Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1734

CONTACT: Nidec Corporation Investor Relations Masahiro Nagayasu, General Manager +81-75-935-6140 ir@jp.nidec.com