Konica Minolta Inc Buys Back $ 83,875,109.39 Worth Of Stock

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Konica Minolta Inc Buys Back $ 83,875,109.39 Worth Of Stock

 user 2014-03-06 at 11:02:36 am Views: 161
  • #31606

    Konica Minolta Inc Buys Back $ 83,875,109.39 Worth Of Stock
    Konica Minolta Inc : Notice Regarding the Status of the Acquisition of Own Shares

    Company Name: Konica Minolta, Inc.
    Representative: Masatoshi Matsuzaki, President and CEO
    Stock Exchange Listing: Tokyo (First Section)
    Local Securities Code Number: 4902

    Tokyo (March 5, 2014) – Konica Minolta, Inc. (the "Company") announces the status of the acquisition of its own shares based on Article 156 of the Company Law, which is applicable in accordance with Article 165, Paragraph 3 of the same law, as follows.

    (1) Type of stock acquired: Common stock
    (2) Number of shares acquired: 8,300,500 shares
    (3) Total value of stock acquired: ¥8,643,032,500
    (4) Acquisition period: From February 1, 2014 to February 28, 2014
    (on the basis of execution date)
    (5) Method of acquisition: Acquisition in the market through a trust bank

    (Reference)

    1.Details of the resolution approved at the board of directors' meeting held on January 30, 2014:

    (1) Type of stock to be acquired: Common stock
    (2) Number of shares to be acquired: Limited to 20 million
    (3.8% of the total number of outstanding shares (excluding treasury stock))
    (3) Total value of stock to be acquired: Limited to ¥20 billion
    (4) Acquisition period: January 31, 2014 to April 30, 2014

    2.Total number and value of shares acquired pursuant to the above resolution:(as of February 28, 2014)

    Total number of shares acquired: 8,750,500 shares/ $ 83,875,109.39 Worth Of Stock
    Total value of stock acquired: ¥9,145,674,500