Nabtesco : Notice Regarding the Status of Acquisition of Own Shares
April 01, 2021 at 03:02 am EDT
Share
JPY 8,703,009,476
(Translated)
April 1, 2021
To whom it may concern,
Company name: Nabtesco Corporation
Representative: Katsuhiro Teramoto, Representative Director, President & CEO
(Securities Code: 6268; 1st Section, Tokyo Stock Exchange)
Contact: Yasushi Minegishi, General Manager, Corporate Communication Department.
(Tel. +81-3-5213-1134)
Notice Regarding the Status of Acquisition of Own Shares
(Acquisition of own shares pursuant to the Company's Articles of Incorporation in accordance with
Article 165, Paragraph 2 of the Companies Act)
The Company hereby announces the status of acquisition of own shares, in accordance with Article 156 of the Companies Act as applied pursuant to Article 165, Paragraph 3 of the same act, as detailed below
1.
Class of shares acquired
Common shares of the Company
2.
Number of shares acquired
1,157,600 shares
3.
Amount of share acquisition cost
JPY 5,497,398,991
4.
Acquisition period
March, 1, 2021, through to March 31, 2021
(Trade date basis)
(Reference)
1. Details of the resolution at the meeting of the Board of Directors (announced on January 29, 2021)
(1)
Class of shares to be acquired
Common shares of the Company
(2)
Total number of shares which can be
Up to 4.4 million shares
acquired
(Ratio of outstanding shares (excluding treasury shares): 3.54%)
(3)
Total amount of share acquisition cost
Up to JPY 20 billion
(4)
Acquisition period
February, 1, 2021, through to December 30, 2021
(5)
Method of acquisition
Open market purchase on the Tokyo Stock Exchange
2. Details of the total amount of shares acquired until March 31, 2021 as approved at the meeting above.
(1) Total number of shares acquired 1,820,700 shares
Total amount of shares acquisition
(2) cost
End.
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Nabtesco Corporation published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2021 07:01:08 UTC.
Nabtesco Corporation is a Japan-based company engaged in the component solution business, transport solution business and accessibility solution business. The Company operates through three segments. The Component Solutions segment is engaged in the design, manufacture, sale, maintenance and repair of industrial robot parts and construction equipment. The Transport Solution segment is engaged in the design, manufacture, sale, maintenance and repair of railway vehicles brake and automatic door devices, aircraft parts, marine control devices and related parts. The Accessibility Solution segment is engaged in the design, manufacture, sale, installation, maintenance and repair of automatic door devices for buildings and general industries, platform safety equipment and related parts. The Company is also engaged in the design, manufacture, sale, maintenance and repair of packaging machines, machine tools, forging machines, and other general industrial machines.