NGK SPARK PLUG : Notice Concerning the Status of Repurchase of Own Shares NEW
September 28, 2016 at 10:20 pm EDT
Share
September 1, 2016
Company Name : NGK SPARK PLUG CO., LTD.
Representative : Shinichi Odo, Chairman, President and CEO Securities Code : 5334
Contact : Kenji Isobe, Corporate Officer, General Manager
Public Relations Department (phone : +81-52-872-5896)
Notice Concerning the Status of Repurchase of Own Shares
(Repurchase of Own Shares in Accordance with the Articles of Incorporation Pursuant to the Provisions of Article 459, Paragraph 1 of the Companies Act)
NGK SPARK PLUG CO., LTD. hereby announces the status of the repurchase of own shares, pursuant to the provisions of Article 459, Paragraph 1 of the Companies Act, as described below.
1. Type of shares repurchased
Common stock
2. Total number of shares repurchased
2,853,400 shares
3. Total price of repurchase
¥5,145,298,176
4. Repurchase period
From August 1, 2016 to August 31, 2016
(Commitment basis)
5. Method of repurchase
Market purchase on the Tokyo Stock Exchange
(Reference)
Details of resolution at the meeting of the Board of Directors held on July 29, 2016.
(1) Type of Shares to be repurchased
Common Shares
(2) Total number of shares to be repurchased
Up to 7,000,000 shares
[Percentage to the total number of issued shares: (excluding treasury shares) 3.2%]
(3) Total price of repurchase
Up to ¥10,000,000,000
(4) Repurchase period
From August 1, 2016 to October 31, 2016
Total number and price of own shares repurchased pursuant to the above resolution of the Board of Directors (as of August 31, 2016)
(1) Total number of shares repurchased
2,853,400 shares
(2) Total price of repurchase
¥5,145,298,176
NGK Spark Plug Co. Ltd. published this content on 01 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 September 2016 02:20:10 UTC.
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Niterra Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive products, ceramic products, and products related to new businesses. The Company has three business segments. The Automobile-related segment is engaged in the manufacture and sale of parts that are mainly assembled into automobiles, such as spark plugs and exhaust gas sensors. The Ceramics segment manufactures and sells cutting tools, industrial equipment components, semiconductor manufacturing equipment components, semiconductor packages, and oxygen concentrators for medical use. The New Business segment is engaged in the manufacture and sale of products related to new businesses such as the environmental energy field. It also sells materials and provides welfare services.