Sekisui Chemical : Notice Regarding Purchase of Treasury Stock and Retirement of Treasury Stock
April 27, 2017 at 12:47 am EDT
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Press Release
27 April. 2017 SEKISUI CHEMICAL CO., LTD
Notice Regarding Purchase of Treasury Stock and Retirement of Treasury Stock (Acquisition of treasury stock pursuant to the provisions of the Articles of Incorporation based on the provisions of Article 165, Item 2 of the Corporate Law and retirement of treasury stock in accordance with Article 178 of the Corporate Law)
SEKISUI CHEMICAL CO., LTD. announces that it has decided at the meeting of its board of directors held on April 27, 2017 to purchase treasury stock pursuant to the provisions of Article156 of the Corporate Law after applying the provisions of Article 165, Item 3 of the Law and to retire the treasury stock, under the provisions of Article 178 of the Corporate Law.
Reasons for the acquisition and retirement of treasury stock
To improve capital efficiency, and to allow flexible capital policies corresponding to changes in the business environment
Details of the acquisition
Type of shares to be acquired: Common shares of SEKISUI CHEMICAL
Total number of shares to be acquired: Up to 8,000,000 shares
(Rate of the maximum shares to be acquired to the total outstanding shares: 1.67%)
Total acquisition cost: ¥16 billion yen (maximum)
Acquisition period: From April 28, 2017 to March 30, 2018
Details of the retirement
Type of stocks to be retired: Common shares of SEKISUI CHEMICAL
Number of stocks to be retired: 10,000,000 shares
(1.96% of issued shares before the retirement)
Total number of shares issued after the retirement: 500,507,285 shares
Scheduled date of retirement: May 25, 2017
(Reference) Number of treasury stocks as of March 31, 2017
Total number of shares issued (excluding treasury stock): 479,652,638 Treasury stocks: 30,854,647
Sekisui Chemical Co. Ltd. published this content on 27 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2017 04:47:17 UTC.
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Sekisui Chemical Co., Ltd. is a company that operates in four business segments .The Housing segment is engaged in the manufacture, construction, sale and renovation of unit housing, the sale of land for subdivision, the provision of reform services, as well as the construction and sale of interior items, exterior items and real estate. The Environment and Life Line segment offers vinyl chloride pipe and fittings, polyethylene pipe and fittings, system pipe, aqueduct/water conduit rehabilitation materials, reinforced plastic composite pipes, and building materials, among others. The High-performance Plastics segment offers intermediate films for laminated glass, foamed polyolefin, tapes, particulate for liquid crystal and sensitive materials and test drug, among others. The Others segment is engaged in the manufacture and sale of film type lithium ion battery, as well as the provision of other products and services.
SEKISUI CHEMICAL CO., LTD. 
