Espec : Notice Concerning Acquisition of Own Shares and Repurchase of Own Shares Through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)
July 13, 2021 at 03:03 am EDT
Share
June 8, 2021
Company name:
ESPEC CORP.
Representative:
Masaaki Ishida, President
Listing:
Tokyo, Stock Exchange, First section
Securities code:
6859
Inquiries:
Keiji Oshima,
Chief Officer of Corporate Control Headquarters
Telephone:
+81-6-6358-4741
Notice Concerning Acquisition of Own Shares and Repurchase of Own Shares
Through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)
(Acquisition of Own Shares Under the Provisions of the Articles of
Incorporation Pursuant to the Provisions of Article 165, Paragraph (2) of the
Companies Act and Repurchase of Own Shares Through Off-Auction
Own Share Repurchase Trading System (ToSTNeT-3))
ESPEC CORP. hereby announces that it has resolved, at a meeting of the Board of Directors held on June 8, 2021 to acquire its own shares pursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, paragraph (3) of the same Act. The details are described below.
1. Reason for acquisition of own shares
A flexible capital policy in response to changes in the business environment
Method of acquisition
At 8:45 a.m. on June 9, 2021, a consigned purchase order will be placed with the Tokyo Stock Exchange off-auction own share repurchase trading system (ToSTNeT-3) at the closing price of 2,133 yen (including final special quote) for today, June 8, 2021 (no changes to other transaction systems or transaction times will be made).
The purchase order will apply only to the specified transaction time.
Details of acquisition
(1)
Class of shares to be
Common shares
acquired
Total number of shares to
Up to 500,000 shares
(2)
(2.16% of total number of issued shares (excluding treasury
be acquired
shares))
(3)
Total amount of share
Up to 1,066,500,000 yen
acquisition costs
(4)
Announcement of results
The results of the acquisition will be announced after completion
of acquisition
of the transaction at 8:45 a.m. on June 9, 2021
Note 1: No change will be made to the number of shares specified above. Note, however, that part or all of the acquisition may not be carried out depending on market trends and other factors.
Note 2: The purchase will be made on the basis of sell orders corresponding to the number of shares scheduled to be acquired.
- 1 -
23,049,601 shares
731,793 shares
(Reference) Holding status of treasury shares as of March 31, 2021
Total number of issued shares (excluding treasury shares)
Number of treasury shares
- 2 -
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Disclaimer
Espec Corporation published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 07:02:03 UTC.
ESPEC CORP. is a Japan-based company mainly engaged in the equipment business, service business and others. The Company operates in three business segments. The Equipment segment is engaged in the provision of environmental testing equipment, providing environmental test equipment for testing the effects of temperature, humidity, and other environmental factors on automobiles, communications, and other electronic components, energy device equipment, providing charge and discharge evaluation systems, and electrode drying device used in battery manufacturing process, as well as semiconductor-related devices. The Service segment is involved in the provision of after services, engineering services and contract testing services; the rental of environmental testing equipment. The Others segment is involved in the environmental protection business and plant growing equipment business.
ESPEC CORP. 
