KYOTO, Japan, Jan. 6, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation NJ (the "Company") today announced the status of the Company's own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 24, 2013, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details are as follows:
Details of Share Repurchase
| 1. Period of own share repurchase: From December 1, 2013 through December 31, 2013 |
| 2. Class of shares: Common stock |
| 3. Number of own shares repurchased: 0 |
| 4. Total repurchase amount: 0 yen |
Note: The above repurchase information has been prepared on the basis of execution date.
Reference
A) The following details were resolved by the Company's Board of Directors on January 24, 2013:
| 1. Class of shares: Common stock |
| 2. Total number of shares to be repurchased: Up to 3,000,000 shares |
| (2.21% of total number of shares issued, excluding treasury stock) |
| 3. Total repurchase amount: Up to 20 billion yen |
| 4. Period of repurchase: From January 25, 2013 through January 24, 2014 |
B) The accumulative number of own shares repurchased until December 31, 2013, pursuant to the Board of Directors resolution above:
| 1. Accumulative number of own shares repurchased: 1,347,800 shares |
| 2. Total accumulative repurchase amount: 7,190,003,000 yen |
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