Nidec Announces the Status of Own Share Repurchase

KYOTO, Japan, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 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 25, 2021, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

Details are as follows:

Details of Share Repurchase 　 1. Period of own share repurchase: From July 1, 2021 through July 31, 2021 2. Class of shares: Common stock 3. Number of own shares repurchased: 0 4. Total repurchase amount: 0 yen

Note: The above repurchase information has been prepared on the basis of trade date.

Reference A) The following details were resolved by the Company’s Board of Directors on January 25, 2021: 1. Class of shares: Common stock 2. Total number of shares that may be repurchased: Up to 4,000,000 shares　     (0.68% of total number of shares issued, excluding treasury stock) 3. Total repurchasable amount: 50 billion yen 4. Period of repurchase: From January 26, 2021 through January 25, 2022

B) Total number and yen amount of own shares repurchased from January 26, 2021 through July 31, 2021, pursuant to the Board of Directors resolution above: 1. Total number of own shares repurchased: 404,800 2. Total repurchase amount: 4,824,927,000 yen

Contact:Masahiro NagayasuGeneral ManagerInvestor Relations+81-75-935-6140[email protected] 

You May Also Be Interested In

• RESULT OF RIKSBANK CERTIFICATE SALE
• Groundbreaking "At 25:00, in Akasaka" Marks First International Boys' Love Co-Production by TV Tokyo and GagaOOLala
• Aktia's interim report for January–March will be published on Tuesday 30 April 2024 at 8.00 a.m.