-0.8 C
New York

Nidec Announces the Status of Own Share Repurchase

Published:

(Repurchase of own shares, pursuant to the Company’s Articles of Incorporation based on the provisions of Item 1 of Article 459 (1) of the Companies Act of Japan)

Nidec All for deams.Green RGB

KYOTO, Japan–(BUSINESS WIRE)–Nidec Corporation (TOKYO: 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 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Details of Share Repurchase

  1. Period of own share repurchase: From January 25, 2024 through January 31, 2024
  2. Class of shares: Common stock
  3. Number of own shares repurchased: 0
  4. Total repurchase amount: 0 yen

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

Reference

A) Details of the share repurchase plan authorized by the Board of Directors on January 24, 2024:

  1. Class of shares: Common stock
  2. Total number of shares that may be repurchased: Up to 2,000,000 shares

    (0.34% of total number of shares issued, excluding treasury stock)

  3. Total repurchasable amount: 11 billion yen
  4. Period of repurchase: From January 25, 2024 through May 24, 2024

B) Total number and yen amount of own shares repurchased from January 25, 2024 through January 31, 2024, pursuant to the Board of Directors resolution above:

  1. Total number of own shares repurchased: 0
  2. Total repurchase amount: 0 yen

Contacts

Teruaki Urago

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Source link

The content is by Business Wire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.

Related articles

Recent articles

spot_img