Nidec Announces the Status of Own Share Repurchase

Nidec Corporation (TOKYO: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 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

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Retrieved on: 
Monday, April 1, 2024
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Tags: 
Robotics, Machine Tools, Metalworking & Metallurgy, Automotive Manufacturing, Technology, Manufacturing, Hardware, Machinery, Nidec, Corporation, Companies Act, Share repurchase, OTC, Total, Car rental
Geotags: 
JAPAN, ASIA PACIFIC
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Organisation: 
NIDEC, NIDEC CORPORATION
Stock Symbol: 
TOKYO:6594
Summary
Key Points: 
  • Nidec Corporation (TOKYO: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 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.
  • Period of own share repurchase: From March 1, 2024 through March 31, 2024
    Number of own shares repurchased: 0
    Note: The above repurchase information has been prepared on the basis of trade date.
  • A) Details of the share repurchase plan authorized by the Board of Directors on January 24, 2024:
    Total number of shares that may be repurchased: Up to 2,000,000 shares
    (0.34% of total number of shares issued, excluding treasury stock)
    B) Total number and yen amount of own shares repurchased from January 25, 2024 through March 31, 2024, pursuant to the Board of Directors resolution above:
    Total number of own shares repurchased: 0
    View source version on businesswire.com: https://www.businesswire.com/news/home/20240331173067/en/


Nidec Corporation (TOKYO: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 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Details of Share Repurchase

  1. Period of own share repurchase: From March 1, 2024 through March 31, 2024
  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) Details of the share repurchase plan authorized by the Board of Directors on January 24, 2024:

  1. Class of shares: Common stock
  2. Total number of shares that may be repurchased: Up to 2,000,000 shares

    (0.34% of total number of shares issued, excluding treasury stock)
  3. Total repurchasable amount: 11 billion yen
  4. Period of repurchase: From January 25, 2024 through May 24, 2024

B) Total number and yen amount of own shares repurchased from January 25, 2024 through March 31, 2024, pursuant to the Board of Directors resolution above:

  1. Total number of own shares repurchased: 0
  2. Total repurchase amount: 0 yen

 

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