TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the conclusion of its repurchase of company stock pursuant to the provisions of Article 459, paragraph 1 of the Companies Act, as well as Article 31 of the company’s articles of incorporation approved by the Board of Directors on August 29, 2024, as shown below.
1. |
Type of Shares Repurchased: |
Common stock |
2. |
Number of Shares Repurchased: |
3,388,200 shares |
3. |
Aggregate Value of Shares Repurchased: |
JPY 8,110,663,450 |
4. |
Repurchase Period: |
October 1, 2024 to October 9, 2024 |
5. |
Repurchase Method: |
Market trades on Tokyo Stock Exchange |
| (For reference) | |||||
|
|||||
1. |
Details of resolution approved by the Board of Directors on August 29, 2024 |
||||
|
(1) |
Type of Shares to Repurchase: |
Common stock |
||
|
(2) |
Number of Shares to Repurchase: |
20,000,000 shares (maximum unit) 0.96% of issued and outstanding shares (excluding treasury stock) |
||
|
(3) |
Aggregate Value of Repurchase: |
JPY 30 billion (maximum limit) |
||
|
(4) |
Repurchase Period: |
August 30, 2024 to October 31, 2024 |
||
|
(5) |
Repurchase Method: |
Market trades on Tokyo Stock Exchange |
||
|
Note: |
Part or all of the above-mentioned repurchases might not be performed depending on market conditions and other factors. |
|||
|
|
|
|
||
2. |
Total number and aggregate value of shares repurchased pursuant to the abovementioned resolution of the Board of Directors (as of October 9, 2024) | ||||
|
(1) |
Total number of shares repurchased: |
12,898,800 shares |
||
|
(2) |
Aggregate value of shares repurchased: |
JPY 29,999,849,500 |
||
For more information, please visit: www.MitsubishiElectric.com/news/
