(Repurchasing own shares, in accordance with the Company’s Articles of Association based on the provisions of point 1, 459, paragraph 1 of the Japanese Companies Act)
KYOTO, Japan–(BUSINESS WIRE)–Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the Company) today announced the status of the repurchase of the Company’s own shares under the ongoing repurchase plan that was resolved at the Board of Directors meeting held on 23 July 2024, in accordance with point 1 of article 459, paragraph 1 of the Company Law of Japan.
Details of share buyback
- Period of buyback of own shares: from December 1, 2024 to December 31, 2024.
- Type of shares: Ordinary shares
- Number of purchased own shares: 0
- In total (EPA:) repurchase amount: 0 yen
Note: The repurchase information above is prepared based on trade dates.
Reference
A) Details of the share buyback plan approved by the Board of Directors on July 23, 2024:
- Type of shares: Ordinary shares
- Total number of shares that can be repurchased: up to 10,000,000 shares
(0.87% of the total number of issued shares, excluding own shares) - Total redemption amount: 35 billion yen
- Repurchase Period: May 27, 2024 to May 26, 2025.
B) Total number and amount of own shares in yen purchased from May 27, 2024 to December 31, 2024, in accordance with the above decision of the Board of Directors:
- Total number of purchased own shares: 0
- Total redemption amount: 0 yen
See the original version on businesswire.com: https://www.businesswire.com/news/home/20250105634430/en/
Teruaki Urago
General director
Investor relations
+81-75-935-6140
ir@nidec.com
Source: Nidec Corporation
