Mitsubishi Estate : Notice Regarding the Status of Share Repurchase
December 01, 2022 at 03:14 am EST
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December 1, 2022
To whom it may concern:
Company name: Mitsubishi Estate Co., Ltd.
Representative:
Junichi Yoshida,
President and Chief Executive Officer
Securities code: 8802
Contact:
Motohiro Sato,
General Manager of
the Corporate Communications Department
Telephone:
+81-3-3287-5200
Notice Regarding the Status of Share Repurchase
（Repurchase of Shares under Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act）
Mitsubishi Estate Co., Ltd. (hereafter the "Company") announced today the status of repurchase its own shares under Article 156 which is applicable in accordance with Article 165, Paragraph 3 of the Companies Act. Details are as follows.
(1)
Class of shares repurchased
Common shares
(2)
Total number of shares repurchased
3,629,100 shares
(3)
Total amount of repurchase price
6,998,915,350 yen
(4)
Period of repurchase
From November 11, 2022 to November 30, 2022
(5)
Method of repurchase
Open market purchase on the Tokyo Stock Exchange
(Reference)
1. Details of resolution at the board of directors meeting held on November 10, 2022
(1)
Class of shares to be repurchased
Common shares
(2)
Total number of shares to be repurchased
70,000,000 shares (Maximum)
(5.29% of outstanding shares (excluding treasury stock))
(3)
Total amount of repurchase price
100 billion yen (Maximum)
(4)
Period of repurchase
From November 11, 2022 to November 10, 2023
(5)
Method of repurchase
Open market purchase on the Tokyo Stock Exchange
2. The total number of shares repurchased and total amount of repurchase price accumulated after the date of resolution at the board of directors meeting held on November 10, 2022 (as of November 30, 2022)
Total number of shares repurchased
3,629,100 shares
Total amount of repurchase price
6,998,915,350 yen
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Mitsubishi Estate Co. Ltd. published this content on 01 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2022 08:13:11 UTC.
Mitsubishi Estate Co., Ltd. specializes in development, promotion and management of real estate assets. Net sales (including intragroup) break down by activity as follows:
- management and operation of office buildings and shopping centres (55.2%);
- development, management and operation of residentials and condominiums (27.6%);
- real estate asset management (3.2%);
- other (5.2%): primarily hotel and airport management, real estate services (real estate brokerage, leasing, parking management, etc.) and engineering and construction of civil infrastructure.
The remaining net sales (8.8%) are from international real estate management and operation activities.
MITSUBISHI ESTATE CO., LTD. 
