NGK Insulators : Notice Regarding Acquisition of Own Shares
October 27, 2023 at 04:12 am EDT
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The following statement is an English translation of the original Japanese document provided for your convenience.
In the event of any discrepancy between this translation and the Japanese original, the original is presumed to be correct.
October 27, 2023
Company name:
NGK INSULATORS, LTD.
Stock exchange listings: Tokyo and Nagoya
Stock code:
5333
Representative:
President Shigeru Kobayashi (Mr.)
Contact:
General Manager Finance & Accounting Dept.
Hideaki Tsukui (Mr.)
(TEL) +81-52-872-7230
Notice Regarding Acquisition of Own Shares
(Acquisition of own shares pursuant to the provisions of Article 165, paragraph 2 of the Companies Act)
NGK INSULATORS, LTD. (the "Company") hereby announces that, at the meeting of the Board of Directors held on October 27, 2023, it has resolved the acquisition of own shares pursuant to the provision s of Article 156 of the Companies Act, applied by replacing terms pursuant to the provisions of Article 165, paragraph 3 of said Act, as described below.
Reasons for the acquisition of own shares
To improve capital efficiency and to achieve the Company's capital policy in response to the changing managerial environment.
Details of matters pertaining to the acquisition of own shares
(1)
Types of shares to be acquired
Shares of common stock
(2)
Total number of shares to be acquired
Up to 8.5 million shares
(2.8% of the total number of outstanding shares excluding
treasury shares)
(3)
Total value of shares to be acquired
Up to 15 billion yen
(4)
Acquisition period
From October 30, 2023 to February 29, 2024
(5)
Acquisition method
Market purchases
(Reference) Treasury shares as of September 30, 2023
Total number of outstanding shares
306,418,755 Shares
(excluding treasury shares)
Number of treasury shares
5,538,241 Shares
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Disclaimer
NGK Insulators Ltd. published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 08:11:18 UTC.
NGK Insulators, Ltd. specializes in the design, manufacturing and marketing of electric and electronic components and equipments. Net sales break down by family of products as follows:
- ceramic products (57.3%): for automotive and industrial applications;
- components and equipment for industrial manufacturing processes (24.2%): components for semiconductor manufacturing equipment, corrosion-resistant ceramic apparatuses for chemical industries, gas analyzer, industrial heating systems, refractory products and radioactive waste treatment systems;
- electronic components (10.5%): especially for semiconductors manufacturing and special metals processing;
- electric equipments (8%): insulators and electric devices, batteries for electric power storage, etc.
Net sales break down geographically as follows: Japan (24.5%), Asia (30.4%), North America (21.7%), Europe (21.3%) and other (2.1%).
NGK INSULATORS, LTD 
