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.
May 17, 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 the result of the repurchase of shares of its common stock conducted in April pursuant to Article 459, Paragraph 1 of the Companies Act of Japan and Article 36 of the Articles of Incorporation, concerning which the repurchase notice was given on February 1, 2016.
Type of shares repurchased Common stock
Total number of shares repurchased 8,623,400 shares
Total repurchase price 19,329,482,050 yen
Repurchase period From April 1, 2016 to April 30, 2016
Method of repurchase Acquisitions on the Tokyo Stock Exchange
(Reference)
Resolution at the meeting of the Board of Directors held on February 1, 2016
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
Total number and price of shares of common stock of NSSMC repurchased pursuant to the above resolution of the Board of Directors (as of April 30, 2016)
Total number of shares repurchased 28,964,600 shares
Total repurchase price 61,053,829,550 yen
For inquiries,
Public Relations Center, General Administration Div. TEL: +81-3-6867-2135, 2146, 2977, 3419
Nippon Steel & Sumitomo Metal Corporation published this content on 17 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 May 2016 01:17:05 UTC.
Original documenthttp://www.nssmc.com/common/secure/en/news/20160517_100.pdf
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