Notice Concerning Monthly Share Repurchase Results and Repurchase Completion
2016/06/06Nippon Kayaku Co., Ltd. hereby announces the repurchase of its own shares conducted in accordance with Article 156 of the Companies Act as applied pursuant to Article 165-3 of the same Act. The following are the details of the share repurchases implemented.
The company also announces that the share repurchase was completed based on the resolution of the Board of Directors meeting held on November 5, 2015.
1. Type of shares repurchased Common shares
2. Total number of shares repurchased 1,439,000 shares
3. Total value of shares repurchased 1,528,713,000 yen
4. Acquisition period May 1, 2016 – May 26, 2016 (on a contract basis)
5. Acquisition method Open market acquisition of shares on the Tokyo Stock Exchange
Reference
1. Details of resolution on share repurchase program passed by the Board of Directors on November 5, 2015
(1) Common shares of Nippon Kayaku are the target of the share repurchase program
(2) A total of 8,000,000 shares are set to be repurchased (maximum)
(The total number of shares set to be repurchased represents 4.42% of Nippon Kayaku’s total shares issued (excluding treasury stock))
(3) The total acquisition price for the share repurchase is JPY10,000,000,000 (maximum)
(4) The acquisition period is from November 6, 2015 to September 30, 2016
2. Cumulative number of shares repurchased in accordance with the aforementioned resolution
(1) Total number of shares repurchased: 8,000,000 shares
(2) Total value of shares repurchased: 9,484,942,000 yen