Market Overview

Nidec Provides Update on Share Repurchase

Share:

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 24, 2013, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act of Japan.

Details are as follows:

Details of Share Repurchase  

1. Period of own share repurchase: From March 1, 2013 through March 31, 2013

2. Class of shares: Common stock

3. Number of own shares repurchased: 121,400 shares

4. Total repurchase amount: 657,102,000 yen

5. Method of repurchase: Repurchased on the Osaka Securities Exchange through a trust established for this purpose.

 

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 March 31, 2013, pursuant to the Board of Directors resolution

See full press release

Posted-In: News Guidance Contracts Management

 

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