(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 Corporations Act of Japan)
KYOTO, Japan–(BUSINESS WIRE)–Nidec Company (TOKYO:6594; OTC US: NJDCY) (the Firm) immediately 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 July 23, 2024, pursuant to Merchandise 1 of Article 459 (1) of the Corporations Act of Japan.
Particulars of Share Repurchase
- Interval of personal share repurchase: From September 1, 2024 via September 30, 2024
- Class of shares: Frequent inventory
- Variety of personal shares repurchased: 0
- Complete repurchase quantity: 0 yen
Word: The above repurchase info has been ready on the idea of commerce date.
Reference
A) Particulars of the share repurchase plan licensed by the Board of Administrators on July 23, 2024:
- Class of shares: Frequent inventory
- Complete variety of shares which may be repurchased: As much as 10,000,000 shares (0.87% of complete variety of shares issued, excluding treasury inventory)
- Complete repurchasable quantity: 35 billion yen
- Interval of repurchase: From Might 27, 2024 via Might 26, 2025
B) Complete quantity and yen quantity of personal shares repurchased from Might 27, 2024 via September 30, 2024, pursuant to the Board of Administrators decision above:
- Complete variety of personal shares repurchased: 0
- Complete repurchase quantity: 0 yen
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Teruaki Urago
Common Supervisor
Investor Relations
+81-75-935-6140
ir@nidec.com
Supply: Nidec Company
