Taiheiyo Cement : Notice regarding the status and conclusion of share repurchase
January 27, 2017 at 06:29 am
Share
January 27, 2017
Notice regarding the status and conclusion of share repurchase (share repurchase pursuant to the Articles of Incorporation based on Article 165, Paragraph 2 of the Companies Act)
Taiheiyo Cement Corporation (the "Company") hereby announces the status of repurchase of its shares approved at the meeting of its Board of Directors held on October 25, 2016, pursuant to the provisions of Article 156 of the Companies Act as applied by replacing certain terms under the provisions of Article 165, Paragraph 3 of the same Act.
The Company also announces that this concludes the share repurchase resolved at the aforementioned meeting of its Board of Directors.
Class of shares repurchased Common stock of the Company
Total number of shares repurchased 5,537,000 shares
Total repurchase amount ¥2,131,676,000
Period for the repurchase From January 1, 2017 to January 20, 2017
Method of repurchase Purchase through the Tokyo Stock Exchange
(Reference)
Details of resolution at the meeting of the Board of Directors held on October 25, 2016
Class of shares to be repurchased Common stock of the Company
Total number of shares to be 35,000,000 shares (upper limit)
Repurchased (2.76% of the total number of shares issued (excluding treasury stock))
Total repurchase amount ¥10.0 billion (upper limit)
Period for the repurchase From October 26, 2016 to January 31, 2017
Method of repurchase Purchase through the Tokyo Stock Exchange
Cumulative total of shares repurchased based on the above resolution (As of January 27, 2017)
Total number of shares repurchased 28,448,000 shares
Total repurchase amount ¥ 9,999,645,000
Taiheiyo Cement Corporation published this content on 27 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2017 06:29:07 UTC.
Original documenthttp://www.taiheiyo-cement.co.jp/english/summary/pdf/170127.pdf
Public permalinkhttp://www.publicnow.com/view/E426E005700C0E375E56D7682C1C0D6124BBE0E8
Taiheiyo Cement Corporation is one of the Japanese largest cement and building materials producers. The group is also manufacturing electronic and ceramic products and is proposing environmental services. Net sales break down by activity as follows:
- sale of cement (70.7%);
- sale of construction materials (7.9%): aggregates, ready-for-use concrete, autoclaved concretes, etc.;
- waste collection, processing and incineration (7.8%);
- mining operating (6.1%);
- other (7.5%): real estate assets management, computing, engineering, transportation, warehousing services, etc.
Net sales break down geographically as follows: Japan (73%), North America (17.4%) and other (9.6%).
TAIHEIYO CEMENT CORPORATION 
