Fujitsu : Notice Regarding Determination of Matters Concerning Repurchases
February 07, 2017 at 02:49 am EST
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February 7, 2017
Company Name:
Fujitsu Limited
Representative:
Tatsuya Tanaka, Representative Director and President
(Code Number: 6702; Tokyo Stock Exchange, First Section)
Contact:
Isamu Yamamori, Corporate Executive Officer, Head of Public and Investor Relations Division
Telephone Number:
03-6252-2175
Notice Regarding Determination of Matters Concerning Repurchases
(Purchase of Shares of the Company's Own Stock in Accordance with the Provisions of Articles of Incorporation Pursuant to Article 459, Paragraph 1 of the Companies Act)
Fujitsu Limited (the "Company") today announces that matters concerning repurchases of shares of the Company's own stock were determined, pursuant to the provisions of Article 459, Paragraph 1 of the Companies Act, as well as the Company's Articles of Incorporation, as follows:
Particulars:
Reason for Purchase of Own Shares:
The Company will purchase shares of its own stock in order to mitigate the potential impact on the existing shareholders of the secondary offering of shares of the Company (the "Offering"). This purchase will be executed as announced by the press release titled "Notice Regarding Secondary Offering of Shares in Overseas Markets and Change of Major and Largest Shareholder," issued today.
Details of Matters Concerning Purchase:
(1)
Type of Shares to be Purchased:
Common stock of the Company
(2)
Total Number of Shares to be Purchased:
39,000,000 shares (maximum limit)
(Ratio to the total number of issued and outstanding shares (excluding treasury stock):
1.9%)
(3)
Aggregate Amount of Purchase Price:
JPY 25 billion (maximum limit)
(4)
Purchase Period:
From the business day following the pricing date for the Offering to the 20th business day after
such pricing date
(5)
Purchase Method:
Purchase by means of market trade on the Tokyo Stock Exchange
(Notes) 1. A part or all of the above-mentioned purchase may not be performed depending on market conditions and other reasons.
2. The purchase of shares of the Company's own stock set forth in this press release will not be conducted if the Offering is suspended.
Status of the holding of treasury stock by the Company as of December 31, 2016:
Total number of issued and outstanding shares
(excluding treasury stock): 2,068,766,403 shares
Number of shares held as treasury stock: 1,251,810 shares
End
Fujitsu Ltd. published this content on 07 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 February 2017 07:49:01 UTC.
Original documenthttp://pr.fujitsu.com/jp/news/2017/02/en/7-4.pdf
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Fujitsu specializes in constructing hardware. The group also provides computing services. Net sales (including intra-group) break down by activity as follows:
- computing services (75.8%): design and development of information systems, integration of infrastructures (software, servers, etc.), installation of hardware, outsourcing services, etc.;
- sale of computing and electronic devices (12.4%): computers, mobile phones, hard disk drives, etc.;
- sale of electronic components (11.8%): semiconductors, relays, connectors, batteries, etc.
Japan accounts for 68% of net sales.
FUJITSU LIMITED 
