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KYOTO, Japan, Feb. 2, 2015 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE: 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 22 , 2015, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details are as follows:
Details of Share Repurchase
- Period of own share repurchase: From January 27, 2015 through January 31, 2015
- Class of shares: Common stock
- Number of own shares repurchased: 0
- 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 22, 2015:
- Class of shares: Common stock
- Total number of shares to be repurchased: Up to 4,000,000 shares
(1.42% of total number of shares issued, excluding treasury stock) - Total repurchase amount: Up to 24 billion yen
- Period of repurchase: From January 27, 2015 through January 26, 2016
B) The accumulative number of own shares repurchased until January 31, 2015, pursuant to the Board of Directors resolution above:
- Accumulative number of own shares repurchased: 0
- Total accumulative repurchase amount: 0 yen
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.
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