Mabuchi Motor : Announcement of the Status of Purchase of Treasury Stock(155KB)
March 01, 2024 at 11:12 am
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Note: The original disclosure in Japanese was released on March 1, 2024 at 12:30 (GMT +9).
March 1, 2024
Name of company:
MABUCHI MOTOR CO., LTD.
Representative:
Shinichi Taniguchi,
Representative Director and President, COO
(Securities code:
6592)
Contact:
Keiichi Hagita,
Executive Officer, Chief Financial Officer
(Tel: +81-47-710-1127)
Announcement of the Status of Purchase of Treasury Stock
(Purchase of treasury stock under the provisions of the Articles of Incorporation pursuant to the provisions of Article 165, paragraph
2 of the Companies Act)
Mabuchi Motor Co., Ltd. (the "Company") announces the status of purchase of treasury stock, as described below,
pursuant to the provisions of Article 156 of the Companies Act, applied by replacing terms pursuant to the provisions
of Article 165, paragraph 3 of said Act.
Class of shares purchased: Common stock of the Company
Total number of shares purchased:149,200 shares
Total amount of purchase: ¥409,124,150
Purchase period: From February 16, 2024 to February 29, 2024
Purchase method: Purchase in the open market through discretionary trading
(Reference)
1. Details of resolution pertaining to the purchase of treasury stock and cancellation of treasury stock approved at the board of directors' meeting held on February 14, 2024.
Details of matters pertaining to the purchase of treasury stock.
Class of shares to be purchased: Common stock of the Company
Total number of shares to be purchased: 2,000,000 shares (maximum)
(1.6% of the total number of shares issued [excluding treasury stock])
Total amount of purchase cost: ¥3.0 billion (maximum)
Purchase period: February 16, 2024 to June 21, 2024
Purchase method: Purchase in the open market through discretionary trading
Details of matters pertaining to the cancellation of treasury stock.
Class of shares to be cancelled: Common stock of the Company
Number of shares to be cancelled: All shares of treasury stock purchased as stated in above
Scheduled date of cancellation: to be determined
(The company will notify once the acquisition of treasury stock is completed and the cancellation schedule is decided.)
Note: The original disclosure in Japanese was released on March 1, 2024 at 12:30 (GMT +9).
2. Total number and value of shares acquired pursuant to the above resolution (as of February 29, 2024)
Total number of shares acquired : 149,200 shares (7.5% against the setting maximum allowance)
Total value of shares acquired : ¥409,124,150 (13.6% against the setting maximum allowance)
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Mabuchi Motor Co. Ltd. published this content on
01 March 2024 and is solely responsible for the information contained therein. Distributed by
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01 March 2024 11:12:53 UTC.
MABUCHI MOTOR CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of small motors. Its automotive electrical equipment are used in car mirrors, door locks, dampers for air conditioning, power windows, power sheets, collimating equipment for headlights, lumbar supports and others. Its consumer goods and business machine are used in shavers, hair clippers, hair removal machines, toothbrushes, hair dryers, impact wrenches, circular saws, tools, inkjet printers, copiers, multifunction peripheral (MFP), laser printers and others.