(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, Oct. 01, 2019 (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 23, 2019, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details are as follows:
Details of Share Repurchase 1. Period of own share repurchase: From September 1, 2019 through September 30, 20192. Class of shares: Common stock3. Number of own shares repurchased: 04. Total repurchase amount: 0 yen
Note: The above repurchase information has been prepared on the basis of execution date.
A) The following details were resolved by the Company’s Board of Directors on January 23, 2019:1. Class of shares: Common stock2. Total number of shares that may be repurchased: Up to 5,000,000 shares (1.70% of total number of shares issued, excluding treasury stock)3. Total repurchase amount: Up to 50 billion yen4. Period of repurchase: From January 29, 2019 through January 23, 2020B) Total number and yen amount of own shares repurchased from January 29, 2019 through September 30, 2019, pursuant to the Board of Directors resolution above:1. Total number of own shares repurchased: 02. Total repurchase amount: 0 yen