Nidec Announces the Status of Own Share Repurchase

By GlobeNewswire,  December 01, 2016, 01:30:00 AM EDT


(Repurchase of own shares, pursuant to the Company's Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan)

KYOTO, Japan, Dec. 01, 2016 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) (the "Company") today announced the status of the Company's own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 21, 2016, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan. 

Details are as follows:

Details of Share Repurchase 

  • Period of own share repurchase: From November 1, 2016 through November 30, 2016

  • Class of shares: Common stock

  • Number of own shares repurchased: 0

  • Total repurchase amount: 0 yen

  • Note: The above repurchase information has been prepared on the basis of execution date.

    Reference

    A) The following details were resolved by the Company's Board of Directors on January 21, 2016:

  • Class of shares: Common stock

  • Total number of shares that may be repurchased: Up to 3,000,000 shares

    (1.01% of total number of shares issued, excluding treasury stock)

  • Total repurchase amount: Up to 24 billion yen

  • Period of repurchase: From January 27, 2016 through January 26, 2017

  • B) Total number and yen amount of own shares repurchased from January 27, 2016 through November 30, 2016, pursuant to the Board of Directors resolution above:

  • Total number of own shares repurchased: 0

  • Total repurchase amount: 0 yen
  • Contact:
    Masahiro Nagayasu
    General Manager Investor Relations +81-75-935-6140 ir@nidec.com

    Source: Nidec Corporation

    This article appears in: News Headlines

    Referenced Stocks: NJ, NJDCY


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