Nidec Announces the Status of Own Share Repurchase
(Repurchase of Own Shares, Pursuant to the Company's Articles of Incorporation Based on the Provisions of Article 459-1-1 of the Company Law of Japan)
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KYOTO, Japan, Dec. 01, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE: NJ) (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 22 , 2015, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details are as follows:
Details of Share Repurchase
- Period of own share repurchase: From November 1, 2015 through November 30, 2015
- 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 execution date.
Reference
A) The following details were resolved by the Company’s Board of Directors on January 22, 2015:
- Class of shares: Common stock
- Total number of shares to be repurchased: Up to 4,000,000 shares (1.42% of total number of shares issued, excluding treasury stock)
- Total repurchase amount: Up to 24 billion yen
- Period of repurchase: From January 27, 2015 through January 26, 2016
B) The accumulative number of own shares repurchased until November 30, 2015, pursuant to the Board of Directors resolution above:
- Accumulative number of own shares repurchased: 250,200
- Total accumulative repurchase amount: 2,053,391,400 yen
Contact: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 [email protected]Source: Nidec Corporation
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