Kawasaki Kisen Kaisha : Notice Regarding the Status and Completion of Own Share Repurchase
March 24, 2023 at 04:20 am EDT
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N E W S L E T T E R
March 24, 2023
Notice Regarding the Status and Completion of Own Share Repurchase
Kawasaki Kisen Kaisha, Ltd. ("K" LINE) hereby announces the status of the Company's own share repurchase as follows pursuant to Article 156 of the Companies Act of Japan, which applies pursuant to Article 165, paragraph 3, of that law.
The acquisition of the treasury stock, which has been resolved at the meeting of the Board of Directors of the Company held on November 4, 2022, has been completed.
Details of Share Repurchase
1.Class of shares:
Common stock
2.Total number of shares repurchased:
1,636,500 shares
3.Total repurchase amount:
5,399,335,500 yen
4.Period of own share repurchase:
From March 1, 2023 through March 24, 2023
(Reference)
1.Details of the share repurchase plan authorized by the Board of Directors on November 4, 2022:
(1)Class of shares:
Common stock
(2)Total number of shares
that may be repurchased:
Up to 35,236,000 shares (12.41% of the total
number of shares issued, excluding treasury
stock)
(3)Total repurchasable amount:
100 billion yen
(4)Period of repurchase:
From November 8,2022 through March 31,
2023
2.Total number and yen amount of own shares repurchased from November 8, 2022 through March 24, 2023, pursuant to the Board of Directors resolution above:
(1)Total number of shares repurchased: 35,236,000 shares
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K Line - Kawasaki Kisen Kaisha Ltd. published this content on 24 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2023 08:19:06 UTC.
Kawasaki Kisen Kaisha, Ltd. is one of the Japanese largest maritime transportation providers. Net sales break down by activity as follows:
- logistics services (50.2%): warehousing, freight handling, port services, etc.;
- maritime transportation of freight (48.4%): transportation of dry bulk, oil products, liquefied natural gas, vehicles, containers, etc. At the end of March 2022, the group had a fleet of 434 vessels;
- other (1.4%).
Net sales are distributed geographically as follows: Japan (87.4%), Asia (6.3%), Europe (4.1%), the United States (2%) and other (0.2%).