NEXON : Status Report of Share Buyback Program (Share buyback based on the stipulation of the Articles of Incorporation pursuant to Article 165(2) of the Companies Act)
December 01, 2021 at 01:21 am EST
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December 1, 2021
Name of Company:
NEXON Co., Ltd.
Representative:
Owen
Mahoney,
Representative
Director, Chief Executive Officer and
President
(Stock Code: 3659, TSE First Section)
Contact:
Shiro Uemura, Representative Director
and Chief Financial Officer
Telephone:
03-6629-5318
Status Report 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:
1.
Acquisition period:
November 22, 2021 to November 30, 2021
(delivery basis)
2.
Class of stock:
Common shares of Nexon
3.
Total number of shares acquired:
943,500 shares
4.
Total amount:
JPY 2,293,755,311
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 from the date of the board resolution above to November 30, 2021 (delivery basis)
(1)
Total number of shares acquired:
943,500 shares
(2)
Total amount:
JPY 2,293,755,311
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Disclaimer
Nexon Co. Ltd. published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 06:20:09 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 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. 
