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KYOTO, Japan, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Nidec Corporation ((TSE: 6594, OTC:NJDCY) (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 23, 2019, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
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Details are as follows:
Details of Share Repurchase
1. Period of own share repurchase: From November 1, 2019 through November 30, 2019
2. Class of shares: Common stock
3. Number of own shares repurchased: 0
4. Total repurchase amount: 0 yen
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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 23, 2019: |
| 1. | Class of shares: Common stock |
| 2. | Total number of shares that may be repurchased: Up to 5,000,000 shares (1.70% of total number of shares issued, excluding treasury stock) |
| 3. | Total repurchase amount: Up to 50 billion yen |
| 4. | Period of repurchase: From January 29, 2019 through January 23, 2020 |
| B) | Total number and yen amount of own shares repurchased from January 29, 2019 through November 30, 2019, pursuant to the Board of Directors resolution above: |
| 1. | Total number of own shares repurchased: 0 |
| 2. | Total repurchase amount: 0 yen |
| Contact: | |
| Masahiro Nagayasu | |
| General Manager | |
| Investor Relations | |
| +81-75-935-6140 | |
| ir@nidec.com |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.