NGK Insulators : Notice Regarding the Result of Acquisition of Own Shares through Off-Auction Own Share Repurchase Trading (N-NET3)
June 15, 2016 at 10:19 pm EDT
Share
June 16, 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, with respect to the acquisition of own shares announced yesterday, on June 15, 2016, it has purchased its own shares 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 acquired
Shares of common stock
(2)
Total number of shares acquired
5 million shares
(3)
Acquisition value
11,175,000,000 yen
(4)
Acquisition date
June 16, 2016
(5)
Acquisition method
Purchase through Off-Auction Own Share Repurchase Trading (N-NET3) of the Nagoya Stock Exchange
(For reference)
1. Details of resolution at the meeting of the board of directors held on April 28, 2016
(1)
Types of shares to be acquired
Shares of common stock
(2)
Total number 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
2. The accumulative number and value of own shares acquired pursuant to the resolution above (as of June 16, 2016)
(1)
Total number of shares acquired
5,000,000 shares
(2)
Total value of shares acquired
11,175,000,000 yen
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Notice Regarding the Result of Acquisition of Own Shares through Off-Auction Own Share Repurchase Trading (N-NET3)(PDF:31KB)
NGK Insulators Ltd. published this content on 16 June 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 June 2016 02:19:01 UTC.
Original documenthttp://www.ngk.co.jp/english/news/2016/0616.html
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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, LTD 
