June 15, 2012
Notice to Elpida Memory and Akita Elpida Memory Stakeholders
Dear Stakeholders:
We wish to express our sincere appreciation for your
understanding and cooperation as we move ahead with our
corporate reorganization proceedings.
With your cooperation we continue to maintain normal business
operations. At present Elpida Memory and Akita Elpida Memory
is working on the statements of approval or disapproval and
the proposed reorganization plan by the reorganization
Trustees. However, today Tokyo District Court issued an order
to change the submission deadline for the statement of
approval or disapproval and the ordinary period for
investigation (period to examine proofs of reorganization
claims, etc.) as the
changes are shown in the following table:
Before the court order | After the court order | |
The submission deadline for the statement of approval or disapproval | June 19, 2012 | July 9, 2012 |
The ordinary period for investigation | From June 26, 2012 to July 3, 2012 | From July 12, 2012 to July 19, 2012 |
The changes are due to the circumstances surrounding the time
needed to evaluate the value of the property that is the
subject matter of the secured reorganization claims and to
confirm the claims.
All other schedules determined by the Tokyo District Court,
including the submission deadline for the proposed
reorganization plan (August 21, 2012) remain unchanged.
We will continue to make our best effort to restructure our
business and kindly ask for your understanding and
cooperation as the corporate reorganization proceedings move
forward.
Sincerely yours, Yukio Sakamoto,
Nobuaki Kobayashi, Attorney-at-law
Trustees of Elpida Memory, Inc. and Akita Elpida Memory,
Inc., as the Reorganizing Company
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