Mitsubishi Electric Corporation Statement re (Status of Company Stock Repurchase) (6637K)
03 September 2021 - 4:02PM
UK Regulatory
TIDMMEL
RNS Number : 6637K
Mitsubishi Electric Corporation
03 September 2021
FOR IMMEDIATE RELEASE No. 3433
Investor Relations Inquiries Media Inquiries
Investor Relations Group, Corporate Public Relations Division
Finance Division
Mitsubishi Electric Corporation Mitsubishi Electric Corporation
Cad.Irg@rk.MitsubishiElectric.co.jp prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/
Mitsubishi Electric Announces Status of Company Stock
Repurchase
According to Articles of Incorporation Pursuant to Article 459,
Paragraph 1 of Companies Act of Japan
TOKYO, September 3, 2021 - Mitsubishi Electric Corporation
(TOKYO: 6503) announced today the status of its repurchase of
company stock pursuant to the provisions of Article 459, paragraph
1 of the Companies Act, as well as Article 31 of the company's
articles of incorporation approved by the Board of Directors on
June 3, as shown below.
1. Type of Shares Repurchased: Common stock
2. Number of Shares Repurchased: 4,035,600 shares
3. Aggregate Value of Shares JPY 6,031,647,550
Repurchased:
4. Repurchase Period: August 1, 2021 to August 31, 2021
5. Repurchase Method: Market trades on Tokyo Stock Exchange
(For reference)
1. Details of resolution approved by the Board of Directors on
June 3, 2021
(1) Type of Shares to Repurchase: Common stock
(2) Number of Shares to Repurchase: 40,000,000 shares (maximum unit)
Share of total issued and outstanding
shares (excluding treasury stock):
1.86%
(3) Aggregate Value of Repurchase: JPY 50 billion (maximum limit)
(4) Repurchase Period: June 4, 2021 to March 31, 2022
(5) Repurchase Method: Market trades on Tokyo Stock Exchange
Note: Part or all of the above-mentioned repurchases might not
be performed depending on market conditions and other factors.
2. Total number and aggregate value of shares repurchased
pursuant to the abovementioned resolution of the Board of Directors
(as of August 31, 2021)
(1) Total number of shares 7,920,100 shares
repurchased:
(2) Aggregate value of shares JPY 11,842,658,650
repurchased:
###
About Mitsubishi Electric Corporation
With 100 years of experience in providing reliable, high-quality
products, Mitsubishi Electric Corporation (TOKYO: 6503) is a
recognized world leader in the manufacture, marketing and sales of
electrical and electronic equipment used in information processing
and communications, space development and satellite communications,
consumer electronics, industrial technology, energy, transportation
and building equipment. Mitsubishi Electric enriches society with
technology in the spirit of its "Changes for the Better." The
company recorded a revenue of 4,191.4 billion yen (U.S.$ 37.8
billion*) in the fiscal year ended March 31, 2021. For more
information, please visit www.MitsubishiElectric.com
*U.S. dollar amounts are translated from yen at the rate of
111=U.S.$1, the approximate rate on the Tokyo Foreign Exchange
Market on March 31, 2021
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