Daiwa House Industry : Nov. 08, 2018 Notice of the Determination of Matters Pertaining to the Acquisition of Treasury Stock
November 08, 2018 at 01:09 am EST
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News Release (Translation only)
November 8, 2018
Company:Daiwa House Industry Co., Ltd. (Code number: 1925,Representative: Contact:
First Section of the Tokyo Stock Exchange) Keiichi Yoshii, President and COO
Yuji Yamada, Senior Executive Officer General Manager, IR Departmentdh.ir.communications@daiwahouse.jp
Notice of the Determination of Matters Pertaining to the Acquisition of Treasury Stock (Acquisition of Treasury Stock Pursuant to the Articles of Incorporation under the Provisions of
Article 165 Par.2 of the Companies Act)
At a meeting held November 8, 2018, the Daiwa House Industry Co., Ltd. Board of Directors resolved to acquire treasury stock pursuant to the provisions of Article 156 of the Companies Act applied mutatis mutandis pursuant to Article 165 Par.3 of the same act.
1. Reasons for the acquisition of treasury stock
This is mainly for allocation to exercising paid stock options.
2. Transaction details
(1) Type of shares to be acquired
Common shares of Daiwa House Industry Co., Ltd. stock
(2) Total number of shares to be acquired
2,300,000 shares (maximum)
(Representing 0.35% of total shares outstanding (excluding treasury stock))
(3) Total acquisition price
10,005 million yen (maximum)
(4) Period of acquisition
November 9, 2018 - November 30, 2018
(5) Method of acquisition
Conducted via the Tokyo Stock Exchange off-auction own share repurchase (ToSTNeT-3) system.
End
(Reference) Treasury stock as of October 31, 2018
Total shares outstanding (excluding treasury stock)
666,182,444 shares
Treasury stock
55,761 shares
(Note) The 511,500 shares in the Employee Stock Ownership Plan (E-Ship®) held by the Nomura Trust and Banking Co., Ltd. (Daiwa House Industry Employees Shareholders Association Trust Account) and the 112,968 shares in the Directors Stock Delivery Trust held by the Japan Trustee Services Bank, Ltd. (trust account) are not included in the above treasury stock number.
Disclaimer:
This English translation has been prepared for general reference purposes only. The Company shall not be responsible for any consequence resulting from the use of the English translation in place of the original Japanese text. In any legal matter, readers should refer to and rely upon the original Japanese text of the press release dated November 8, 2018.
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Daiwa House Industry Co. Ltd. published this content on 08 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 November 2018 06:08:04 UTC
Daiwa House Industry Company is a building and civil engineering works group organized around 5 areas of activity:
- construction and sale of business real estate assets (42.4% of net sales): offices, industrial sites, distribution centers, etc.;
- rental housing (25.4%);
- construction and sale of residential real estate assets (20.2%);
- renovation services (3.4%);
- other (8.6%): primarily production of building materials and logistic services.