Nidec Announces the Status of Share Repurchases and the Conclusion of the Share Repurchase Plan
2018年1月26日 - 4:30PM
Nidec Corporation (TSE:6594) (OTC US:NJDCY) (the ”Company”) today
announces the status of the Company’s share repurchases under its
repurchase plan in accordance with the Articles of Incorporation
pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of
Japan.
The Company’s share repurchase plan authorized by
the Board of Directors on January 24, 2017 has been concluded as of
January 26, 2018. Neither the number nor yen amount of the shares
repurchased reached the upper limit of this repurchase plan
resolved by the Board of Directors, reflecting the share price that
remained higher than expected.
Details of Share Repurchase
1. Period of share repurchase: From January 1, 2018
through January 26, 20182. Class of shares: Common stock3. Number
of shares repurchased: 0 shares4. Total repurchase amount: 0
yen
Reference
A) Details of the share repurchase plan authorized by the Board
of Directors on January 24, 2017
1. Class of shares: Common stock2. Total number of
shares that may be repurchased: Up to 5,000,000 shares
(1.69% of total number of shares issued, excluding treasury
stock)3. Total repurchase amount: Up to 50 billion yen4. Period of
repurchase: From January 27, 2017 through January 26, 2018
B) Total number and yen amount of shares
repurchased from January 27, 2017 through January 26, 2018,
pursuant to the authorization of the Board of Directors described
above:
1. Total number of shares repurchased: 520,000
shares2. Total repurchase amount: 5,138,822,700 yen
Contact: |
Masahiro
Nagayasu |
General
Manager |
Investor
Relations |
+81-75-935-6140 |
ir@nidec.com |