Aida Engineering : Notice of Repurchase and Cancellation of Treasury Stock
March 14, 2024 at 03:09 am EDT
Share
(TRANSLATION FOR REFERENCE PURPOSES ONLY)
March 14, 2024
To Whom It May Concern:
Company Name:
AIDA ENGINEERING, LTD.
Representative:
Toshihiko Suzuki,
Representative Director and President (CEO)
(Securities Code: 6118
Tokyo Stock Exchange, Prime)
Inquiries:
Hiromitsu Ugawa
Director, Managing Executive Officer,
Division Manager,
General Administration Headquarters
(Telephone No.: +81-42-772-5231)
Notice of Repurchase of Shares and Cancellation of Treasury Stock
AIDA ENGINEERING, LTD. (the "Company") hereby announces that at the Board of Directors meeting held on March 14, 2024, a resolution was adopted to repurchase shares in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Articles 165 of the Companies Act of Japan, and to cancel treasury stock pursuant to Article 178 of the Companies Act of Japan.
Reason for Repurchase of Shares
The Company will repurchase shares in order to further enhance shareholder returns in accordance with Basic Policies under current Medium-Term Management Plan.
Detail of the Repurchase
(1)
Class of Shares to be repurchased
: Common stock of the Company
(2)
Number of Share to be repurchased
: 2,300,000 shares ( maximum )
(3.59% of the total number of issued shares excluding treasury stock)
(3)
Total cost of Shares to be repurchased: JPY 2 billion ( maximum )
(4)
Planned period of repurchase
: From April 1, 2024 to June 30, 2024
(5)
Methods of repurchase
: Purchase on Tokyo Stock Exchange
3.
Details of Cancellation
(1)
Class of Shares to be cancelled
: Common stock of the Company
(2)
Number of Shares to be cancelled
: All shares repurchased in accordance with 2 above
(3)
Scheduled date of cancellation
: July 31, 2024
(Reference) Amount of treasury stocks as of December 31, 2023
Total number of the Company's shares excluding treasury stock
Aida Engineering Ltd. published this content on
14 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
14 March 2024 07:08:03 UTC.
Aida Engineering Ltd is a Japan-based company mainly engaged in the manufacture and sale of forming machinery with a focus on press machines, various automatic apparatus, industrial robots and dies. The Company operates in five geographic segments. The Japan segment is engaged in the manufacture and sale of press machines and drive devices, and the provision of related services. The China segment, Asia segment, Americas segment and Europe segment are engaged in the provision of press machines and services. The main products include multi-purpose servo presses, precision forming presses, multi-purpose presses, high speed automatic presses, cold forging presses, conveyance equipment, coil feeders and tooling dies.