KYOTO, Japan, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: 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, 2020, and February 8, 2020, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.Released on November 2, 2020, in Kyoto, Japan
Details are as follows:
| Details of Share Repurchase | ||
| 1. | Period of own share repurchase: From October 1, 2020 through October 31, 2020 | |
| 2. | Class of shares: Common stock | |
| 3. | Number of own shares repurchased: 0 | |
| 4. | Total repurchase amount: 0 yen | |
Note: The above repurchase information has been prepared on the basis of trade date.
| Reference | ||
| A) | The following details were resolved by the Company’s Board of Directors on January 23, 2020 and February 8, 2020: | |
| 1. | Class of shares: Common stock | |
| 2. | Total number of shares that may be repurchased: Up to 8,000,000 shares | |
| (1.36% of total number of shares issued, excluding treasury stock) | ||
| 3. | Total repurchasable amount: 50 billion yen | |
| 4. | Period of repurchase: From January 24, 2020 through January 22, 2021 | |
| B) | Total number and yen amount of own shares repurchased from January 24, 2020 through October 31, 2020, pursuant to the Board of Directors resolution above: | |
| 1. | Total number of own shares repurchased: 2,850,200 | |
| 2. | Total repurchase amount: 18,527,768,000 yen | |
| Contact: | |
| Masahiro Nagayasu | |
| General Manager | |
| Investor Relations | |
| +81-75-935-6140 | |
| ir@nidec.com |
|
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November 02, 2020 at 01:30PM
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Nidec Announces the Status of Own Share Repurchase - GlobeNewswire
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