NIPPON STEEL CORPORATION This document is the English translation of the official Japanese version of the Press Release ("Official Japanese Version"). The English translation was prepared for your reference, to help you understand what is stated in the Official Japanese Version. In the event of any discrepancy between the Official Japanese Version and the English translation, the Official Japanese Version will prevail.
February 1, 2016
For distribution
Company name: | Nippon Steel & Sumitomo Metal Corporation |
Representative: | Kosei Shindo Representative Director and President |
Code Number | 5401 |
Nippon Steel & Sumitomo Metal Corporation (NSSMC) hereby announces that NSSMC resolved, at its meeting of the Board of Directors held on February 1, 2016, to repurchase shares of its common stock pursuant to Article 459, Paragraph 1 of the Companies Act and Article 36 of the Articles of Incorporation.
Reason for repurchase
To enable a flexible implementation of capital policy
Details of repurchase
Type of shares to be repurchased: Common stock
Total number of shares to be repurchased: 40,000,000 shares (maximum)
(4.33% of the total number of issued shares (excluding treasury shares))
Total repurchase price: 100 billion yen (maximum)
Repurchase period: From February 2, 2016 to June 7, 2016
(Reference) Number of treasury shares as of December 31, 2015
Number of issued shares (excluding treasury shares): 923,954,713 shares Number of treasury shares: 26,366,689 shares
For inquiries,
Public Relations Center, General Administration Div. TEL: +81-3-6867-2135, 2146, 2977
Nippon Steel & Sumitomo Metal Corporation issued this content on 01 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 February 2016 04:24:14 UTC
Original Document: http://www.nssmc.com/en/ir/library/pdf/20160201_50.pdf
