(Repurchase of personal shares, pursuant to the Firm’s Articles of Incorporation based mostly on the provisions of Merchandise 1 of Article 459 (1) of the Firms Act of Japan)
KYOTO, Japan–(BUSINESS WIRE)–Nidec Company (TOKYO: 6594; OTC US: NJDCY) (the Firm) at the moment introduced the standing of the Firm’s personal share repurchase beneath its ongoing repurchase plan resolved at a gathering of the Board of Administrators held on July 23, 2024, pursuant to Merchandise 1 of Article 459 (1) of the Firms Act of Japan.
Particulars of Share Repurchase
- Interval of personal share repurchase: From October 1, 2024 by way of October 31, 2024
- Class of shares: Widespread inventory
- Variety of personal shares repurchased: 0
- Whole repurchase quantity: 0 yen
Notice: The above repurchase data has been ready on the premise of commerce date.
Reference
A) Particulars of the share repurchase plan licensed by the Board of Administrators on July 23, 2024:
- Class of shares: Widespread inventory
- Whole variety of shares that could be repurchased: As much as 10,000,000 shares
(0.87% of whole variety of shares issued, excluding treasury inventory) - Whole repurchasable quantity: 35 billion yen
- Interval of repurchase: From Might 27, 2024 by way of Might 26, 2025
B) Whole quantity and yen quantity of personal shares repurchased from Might 27, 2024 by way of October 31, 2024, pursuant to the Board of Administrators decision above:
- Whole variety of personal shares repurchased: 0
- Whole repurchase quantity: 0 yen
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Teruaki Urago
Normal Supervisor
Investor Relations
+81-75-935-6140
[email protected]
Supply: NIDEC CORPORATION
