NEXON : Status Report and End of Share Buyback Program (Share buyback based on the stipulation of the Articles of Incorporation pursuant to Article 165(2) of the Companies Act)
May 02, 2022 at 02:17 am EDT
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May 2, 2022
Name of Company:
NEXON Co., Ltd.
Representative:
Owen Mahoney, Representative Director,
Chief Executive Officer and President
(Stock Code: 3659, TSE Prime Market)
Contact:
Shiro Uemura, Representative Director
and Chief Financial Officer
Telephone:
03-6629-5318
Status Report and End of Share Buyback Program
(Share buyback based on the stipulation of the Articles of Incorporation pursuant to Article 165(2) of the Companies Act)
NEXON Co., Ltd. ("Nexon") (3659.TO) today announced the status of its share buyback program, implemented pursuant to Article 156 and Article 165(3) of the Companies Act of Japan, as follows.
Nexon also announced the end of this share buyback program based on the resolution of its Board of Directors on November 19, 2021.
1.
Acquisition period:
April 1, 2022 to April 28, 2022
(execution basis)
2.
Class of stock:
Common shares of Nexon
3.
Total number of shares acquired:
2,274,000 shares
4.
Total amount:
JPY 6,753,070,000
5.
Acquisition method:
Purchase at market on the Tokyo Stock Exchange
(Reference)
1. Details of resolution of the Board of Directors on November 19, 2021:
(1) Class of stock:
Common shares of Nexon
(2) Total number of shares to be
26,000,000 shares (at maximum)
acquired:
(2.9% of the total number of shares outstanding
excluding treasury shares)
(3) Total acquisition cost:
JPY 40 billion (at maximum)
(4) Acquisition period:
November 22, 2021 to April 28, 2022
(5) Acquisition method:
Purchase at market on the Tokyo Stock Exchange
2. Aggregate amount of Nexon shares repurchased based on the board resolution above (execution basis)
(1) Total number of shares acquired:
(2) Total amount:
16,382,800 shares JPY 39,999,577,221
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Nexon Co. Ltd. published this content on 02 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2022 06:16:03 UTC.
NEXON Co, Ltd. is specialized in the development and publishing of interactive video games. The group offers games (MapleStory, Dungeon&Fighter, FIFA ONLINE 4, etc.) for PCs (70.9% of net sales) and mobile devices (28.4%; smartphones, tablets, etc.).
Net sales are distributed geographically as follows: Japan (1.8%), Korea (91.1%), North America (5.4%), China (1.1%) and others (0.6%).
NEXON : Status Report and End of Share Buyback Program (Share buyback based on the stipulation of the Articles of Incorporation pursuant to Article 165(2) of the Companies Act)