NGK Insulators : Notice Regarding Acquisition of Own Shares(Acquisition of own shares pursuant to the provisions of Article 165, Paragraph 2 of the Company Law)
April 28, 2016 at 06:35 am EDT
Share
Release: April 28, 2016
Company Name:
NGK INSULATORS, LTD.
Listing Code:
5333
Stock Exchange Listings:
Tokyo and Nagoya
Representative:
Taku Oshima (Mr.)
President
Contact:
Hideaki Shindo (Mr.)
General Manager
Finance & Accounting Department
(TEL: +81-52-872-7230)
NGK INSULATORS, LTD. (NGK) hereby announces that, at the meeting of the board of directors held on April 28, 2016, it was resolved the acquisition of own shares based on Article 156 of the Company Law, which is applicable in accordance with Article 165, Paragraph 3 of the same law, as below.
1. Reason for the Acquisition of Own Shares
To improve capital efficiency and enable NGK to flexibly exercise its capital policy in response to the changing managerial environment.
2. Details of the Acquisition
(1)
Types of shares to be acquired
Shares of common stock
(2)
Total numbers of shares to be acquired
Up to 10 million shares
(3.06% of the total number of outstanding shares excluding treasury shares)
(3)
Total value of shares to be acquired
Up to 20 billion yen
(4)
Acquisition period
From May 2, 2016 to June 28, 2016
(5)
Acquisition method
Market purchases
I. Purchase through Off-Auction Own Share
Repurchase Trading (N-NET3) of the Nagoya Stock Exchange
II. Purchase in the market through a trust bank
(For reference)
Treasury stocks as of March 31, 2016
Total numbers of outstanding shares (excluding treasury shtocks)
326,578,807 shares
Number of treasury stocks
981,389 shares
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NGK Insulators Ltd. issued this content on 28 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 10:34:54 UTC
Original Document: http://www.ngk.co.jp/english/news/2016/0428_02.html
NGK Insulators, Ltd. specializes in the design, manufacturing and marketing of electric and electronic components and equipments. Net sales break down by family of products as follows:
- ceramic products (57.3%): for automotive and industrial applications;
- components and equipment for industrial manufacturing processes (24.2%): components for semiconductor manufacturing equipment, corrosion-resistant ceramic apparatuses for chemical industries, gas analyzer, industrial heating systems, refractory products and radioactive waste treatment systems;
- electronic components (10.5%): especially for semiconductors manufacturing and special metals processing;
- electric equipments (8%): insulators and electric devices, batteries for electric power storage, etc.
Net sales break down geographically as follows: Japan (24.5%), Asia (30.4%), North America (21.7%), Europe (21.3%) and other (2.1%).
NGK Insulators : Notice Regarding Acquisition of Own Shares(Acquisition of own shares pursuant to the provisions of Article 165, Paragraph 2 of the Company Law)
NGK INSULATORS, LTD 
