(Repurchase of personal shares, pursuant to the Firm’s Articles of Incorporation primarily based 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 underneath its ongoing repurchase plan resolved at a gathering of the Board of Administrators held on Could 24, 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 August 1, 2024 by August 30, 2024
- Class of shares: Widespread inventory
- Variety of personal shares repurchased: 0
- Whole repurchase quantity: 0 yen
Be aware: The above repurchase data has been ready on the premise of commerce date.
Reference
A) Particulars of the share repurchase plan approved by the Board of Administrators on Could 24, 2024:
- Class of shares: Widespread inventory
- Whole variety of shares that could be repurchased: As much as 5,000,000 shares
(0.87% of complete variety of shares issued, excluding treasury inventory) - Whole repurchasable quantity: 35 billion yen
- Interval of repurchase: From Could 27, 2024 by Could 26, 2025
B) Whole quantity and yen quantity of personal shares repurchased from Could 27, 2024 by August 30, 2024, pursuant to the Board of Administrators decision above:
- Whole variety of personal shares repurchased: 0
- Whole repurchase quantity: 0 yen
View supply model on businesswire.com: https://www.businesswire.com/information/house/20240901539507/en/
Teruaki Urago
Common Supervisor
Investor Relations
+81-75-935-6140
ir@nidec.com
Supply: Nidec Company
