Nidec Announces the Status of Own Share Repurchase
07 Mayo 2024 - 1:30AM
Business Wire
(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 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
- Period of own share repurchase: From April 1,
2024 through April 30, 2024
- Class of shares: Common stock
- Number of own shares repurchased: 0
- 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:
- Class of shares: Common stock
- 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)
- Total repurchasable amount: 11 billion
yen
- 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 April 30, 2024, pursuant to the Board of
Directors resolution above:
- Total number of own shares repurchased: 0
- Total repurchase amount: 0 yen
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Teruaki Urago General Manager Investor Relations +81-75-935-6140
ir@nidec.com