HIKARI TSUSHIN : Announcement Regarding Determination of Matters Related to Share Repurchase
February 12, 2016 at 01:57 am EST
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平成14年5月28日
Press Release
February 12, 2016 HIKARI TSUSHIN, INC. (TSE First Section 9435)
Takeshi Tamamura, President and COO
Tel : +81-3-5951-3718
Announcement Regarding Determination of Matters Related to Share Repurchase (Repurchase of Company Shares Pursuant to the Articles of Incorporation
and the provisions of Article 165, Paragraph 2 of the Corporate Law)
Hikari Tsushin, Inc. announced that its board of directors resolved at a meeting under the date of February 12, 2016 that the Company will acquire the Company's own shares of its stock as provided by its Article 156 of the Corporate Law of Japan as applied pursuant to Article 165, Paragraph 3 as follows:
Content of the matters concerning the acquisition
(1) Class of shares to be acquired
Shares of common stock of the Company
(2) Total number of shares to be acquired
(Not exceed) 500,000 shares
Ratio thereof to the total number of issued shares 1.06% (excluding shares of treasury stock)
(3) Aggregate acquisition prices of shares
(Not exceed) ¥3,000,000,000
(4) Acquisition period
February 15, 2016 through March 31, 2016
Note:
The company's treasury stock holdings as of January 31, 2016
Total number of shares (excluding treasury stock) 46,833,862 shares Shares held as treasury stock 915,780 shares
Hikari Tsushin Inc. issued this content on 12 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2016 06:56:50 UTC
Original Document: https://eng.hikari.co.jp/wp-content/uploads/AnnouncementRegardingDeterminationofMattersRelatedtoShareRepurchase.pdf
Hikari Tsushin Inc is a holding company mainly engaged in the corporate service business, personal service business, and agency sales business. The Company operates through three business segments. The Corporate Service segment is engaged in the sale of products planned and developed in-house, such as communication line services, electric power, and various systems, to small and medium-sized enterprises. The Personal Service segment mainly sells products planned and developed in-house, such as communication line services and home water distribution, to individuals. The Agency Sales segment is engaged in the sale of various products such as telecommunications carriers, insurance companies, and manufacturers.