NGK Insulators : Notice Regarding the Status and Completion of Acquisition of Own Shares
June 28, 2016 at 03:50 am EDT
Share
June 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 it has purchased its own shares with respect to 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.
The acquisition of own shares pursuant to the resolution at the meeting of the board of directors held on April 28, 2016, has completed.
(1)
Types of shares acquired
Shares of common stock
(2)
Total number of shares acquired
5,000,000 shares
(3)
Total value of shares acquired
11,175,000,000 yen
(4)
(Acquisition period
From June 1, 2016 to June 28, 2016
(on a contract basis)
(5)
Acquisition method
Market purchases
(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
(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
2. The accumulative number and value of own shares acquired pursuant to the resolution above (as of June 28, 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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NGK Insulators Ltd. published this content on 28 June 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 June 2016 07:50:08 UTC.
Original documenthttp://www.ngk.co.jp/english/news/2016/0628.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 
