Mitsubishi Estate : Notice Regarding the Status of Share Repurchase
May 01, 2023 at 04:18 am EDT
Share
May 1, 2023
To whom it may concern:
Company name: Mitsubishi Estate Co., Ltd.
Representative:
Atsushi Nakajima,
President and Chief Executive Officer
Securities code: 8802
Contact:
Keiko Nakano,
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
4,377,300 shares
(3)
Total amount of repurchase price
7,000,587,400 yen
(4)
Period of repurchase
From April 1, 2023 to April 30, 2023
(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 April 30, 2023)
Total number of shares repurchased
31,019,300 shares
Total amount of repurchase price
52,765,321,800 yen
End of document
Attachments
Original Link
Original Document
Permalink
Disclaimer
Mitsubishi Estate Co. Ltd. published this content on 01 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 May 2023 08:17:06 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. 
