Nidec Announces the Status of Share Repurchases and the Completion of the Share Repurchase Plan
(Repurchases of Shares Pursuant to Item 1 of Article 459 (1) of the Companies Act of
The Company also announces that the Company’s share repurchase plan authorized by the Board of Directors on
Regarding this resolution to acquire treasury stock, we would also like to announce that we have no acquired treasury stock during the period of repurchase (from
Details of Share Repurchase
-
Period of share repurchase: From
May 1, 2024 throughMay 24, 2024 - Class of shares: Common stock
- Number of shares repurchased: 0 shares
-
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
- Class of shares: Common stock
-
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) -
Total repurchasable amount:
11 billion yen -
Period of repurchase: From
January 25, 2024 throughMay 24, 2024
B) Total number and yen amount of shares repurchased, pursuant to the authorization of the Board of Directors described above:
- Total number of shares repurchased: 0 shares
-
Total repurchase amount:
0 yen
Cautionary Statement Concerning Forward-Looking Information
This press release contains forward-looking statements regarding the Company’s current intent, plans, expectations and estimates. Such forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors, including, but not limited to, available funds, future alternative uses for cash, future competing investment opportunities, and general economic, business and market conditions. The Company assumes no obligation to, and does not currently intend to, update these forward-looking statements, except as required by law.
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General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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