NGK Insulators : Notice Regarding the Status of Acquisition of Own Shares
November 05, 2023 at 09:36 pm EST
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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.
November 6, 2023
Company Name:
NGK INSULATORS, LTD.
Stock Exchange Listings: Tokyo and Nagoya
Listing Code:
5333
Representative:
President Shigeru Kobayashi (Mr.)
Contact:
General Manager Finance & Accounting Dept.
Hideaki Tsukui (Mr.)
(TEL) +81-52-872-7230
Notice Regarding the Status of 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 the status of acquisition of own shares based on Article 156 of the Companies Act, which is applicable in accordance with Article 165, Paragraph 3 of the same Act, as below.
Types of shares acquired
Total number of shares acquired
Total value of shares acquired
Acquisition period
Acquisition method
Shares of common stock 259,400 shares 469,971,555 yen
From October 30, 2023 to October 31, 2023 (on a contract basis)
Market purchases
(Reference)
1. Details of resolution at the meeting of the board of directors held on October 27, 2023
(1) Types of shares to be acquired
Shares of common stock
Up to 8.5 million shares
Total number of shares to be acquired (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
2. The accumulative number and value of own shares acquired pursuant to the resolution above (as of October 31, 2023)
(1)
Total number of shares acquired
259,400 shares
(2)
Total value of shares acquired
469,971,555 yen
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NGK Insulators Ltd. published this content on 06 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2023 02:35:48 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 
