KANSAI PAINT CO., LTD. March 19, 2023
To whom it may concern:
Company Name: Kansai Paint Co., Ltd.
Representative: MORI Kunishi, Representative Director of the Board, President
(Code number: 4613, Tokyo Stock Exchange Prime Market)
Contact: MASUTANI Yoichi, Director, Finance & Accounting Dept., Corporate Finance Div. (Tel.：+81-6-7178-5531)
Notice Concerning the Status and Completion of Acquisition of Own Shares (Acquisition of treasury stock pursuant to the provisions of the Articles of Incorporation per Article 165,
Paragraph (2) of the Companies Act)
Kansai Paint Co., Ltd. (the "Company") hereby announces that the status of following matters related to the acquisition of own shares pursuant to the Article 156 of the Companies Act as applied mutatis mutandis to the provisions of Article 165, paragraph (3) of the same Act.
The company also informs that the acquisition of own shares pursuant to the resolution approved at the Board of Directors' meeting held on February 21, 2024, has been completed.
Details of acquisition | ||
1. | Class of Shares Repurchased | Common stock |
2. | Total number of shares Repurchased | 2,294,900 shares |
3. | Total repurchase price of shares | ¥5,019,118,750 |
4. | Repurchase period | From March 1, 2024 to March 18, 2024 |
5. | Repurchase Method | Market purchase on the Tokyo Stock Exchange |
(Reference)
1. Details of resolution approved at the Board of Directors' meeting held on February 21, 2024
(1) | Class of Shares to be Repurchased | Common stock |
(2) | Total Number of Shares which may be | Up to 20,000,000 shares |
Repurchased | (8.78% of the total issued shares (excluding treasury | |
stock)) | ||
(3) | Total Repurchase Price of Shares | Up to ¥40 billion |
(4) | Repurchase Period | From 22 February 2024 to 21 February 2025 |
(5) | Repurchase Method | Market purchase (including purchases through an off- |
auction own share repurchase transaction (ToSTNeT-3)) | ||
at the Tokyo Stock Exchange |
2. Total number and cost of shares acquired pursuant to the above resolution (As of March 18, 2024)
(1) | Total number of shares acquired | 17,465,000 shares |
(2) | Total acquisition cost of the shares | ¥39,999,867,450 |
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Disclaimer
Kansai Paint Co. Ltd. published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2024 07:06:05 UTC.
