Tokyo, June 1, 2016 ----- Wacom Co., Ltd. (the "Company") announced the progress of the acquisition of the Company's own shares pursuant to Article 156 of Japanese Companies Act, of which application is defined by both paragraph 1, Article 459 of the Companies Act and provisions of the Company's Articles of Incorporation. Please refer to the details below.
1. Details of acquisition
Type of shares acquired: Common stock
Total number of shares acquired: 207,600 shares
Total acquisition cost: 83,269,200 Japanese yen
Acquisition period of: From May 12, 2016 to May 31, 2016
(Reference)
Resolution at the meeting of the Board of Directors held on May 11, 2016
Type of shares to be acquired: Common stock
Total number of shares to be acquired: Up to 5,000,000 shares
(Equivalent to 3.04% of outstanding shares)
Total acquisition cost: Up to 2.0 billion Japanese yen
Acquisition period: From May 12, 2016 to September 30, 2016
Total own shares acquired as of May 31, 2016 pursuant to the above resolution of the Board of Directors
Total number of shares acquired: 207,600 shares
Total acquisition cost: 83,269,200 Japanese yen
Number of treasury stock held as of May 31, 2016
Number of outstanding shares (excluding treasury stock): 164,282,800 shares
Number of treasury stock : 2,263,600 shares
(*) This is translated to English from a Japanese announcement solely for convenience of non-Japanese readers.
For inquiries:
IR, Wacom Co., Ltd. Telephone: +81-3-5337-6502
IR Website:
http://investors.wacom.com/en-jp/index.html
Wacom Co. Ltd. published this content on 01 June 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 June 2016 01:46:03 UTC.
Wacom Co Ltd is a Japan-based company mainly engaged in the development, manufacturing, and sale of brand products and technology solution products, as well as service operations. The Company operates through two business segments. The Technology Solutions segment is engaged in the provision of digital pens, sensors, touch panel components and modules. They are used for mobile devices such as tablet computers, e-books and mobile terminals. The Branded Products segment provides three kinds of services. Creative business provides pen tablets, mobiles and displays. The consumer business provides stylus pens, smart pads, and digital stationery. They are mainly used for illustration and memo making on digital terminals. Business solutions provides pen tablets. They are mainly used in the fields of education, medical care, and digital signatures.