KOITO MANUFACTURING CO., LTD. (KOITO) has announced on March 28, 2024, the matters concerning the acquisition of own shares pursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, paragraph (3) of the same Act. The Status of Acquisition of Own Shares based on the details of the announcement is as follows.
KOITO has also announced that, having reached the total amount of share acquisition costs, the acquisition of own shares based on the resolution of the Board of Directors meeting held on March 28, 2024, had been completed as of this date.
1. Class of shares acquired Common shares
2. Total number of shares acquired 611,800 shares
3. Aggregate amount of acquisition costs 1,222,290,600 yen
4. Acquisition period February 1 to February 5, 2025 (Trade dates)
5. Method of acquisition Market purchase on the Tokyo Stock Exchange
(References)
1.Detail of the acquisition of own shares resolved at the meeting of Board of Directors on March 28, 2024
(1) Class of shares to be acquired Common shares
(2) Total number of shares to be acquired 35 million shares (maximum)
(11.37% of total number of issued shares (excluding treasury shares))
(3) Total amount of share acquisition costs 50 billion (maximum) yen
(4) Acquisition period From April 1, 2024 to March 24, 2025
(5) Method of acquisition Market purchase on the Tokyo Stock Exchange
2. Cumulative number of shares acquired by February 5, 2025 based on the details of the above resolution
(1) Total number of shares acquired 24,127,200 shares
(2) Aggregate amount of acquisition costs 49,999,818,900 yen
Announcement Regarding the Status of the Acquisition and Completion of Acquisition of Own Shares