Nissin Foods : Notice Regarding Acquisition of the Company's Own Shares
May 12, 2021 at 06:08 am EDT
Share
May 11, 2021
Koki Ando
President and Representative Director, CEO
Notice Regarding Acquisition of the Company's Own Shares (Acquisition of Company's own share according to the articles of incorporation
pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)
NISSIN FOODS HOLDINGS CO., LTD. (hereinafter "the Company") hereby announces that pursuant to Article 156 of the Companies Act of Japan as modified by the provision of Article 165, Paragraph 3 of the same Act, the Company resolved the acquisition of the Company's own shares at the meeting of the Board of Directors held on May 11, 2021, as follows.
1． Reason for Acquisition of treasury shares To improve capital efficiency
2． Details of the Acquisition
Type of shares to be acquired: Shares of Common stock of the Company
Total number of shares to be acquired: 1,875,000 shares (Maximum)
(1.8% of the total number of shares outstanding (excluding treasury shares))
Total amount of acquisition price: 12,000,000,000 yen (Maximum)
Period: From May 12, 2021 to March 31, 2022
Reference: Status of the Company's own shares as of March 31, 2021
Total number of shares outstanding (excluding treasury shares): 104,171,764 shares
Number of treasury shares: 1,528,236 shares
Attachments
Original document
Permalink
Disclaimer
Nissin Foods Holdings Co. Ltd. published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 10:07:09 UTC.
NISSIN FOODS HOLDINGS CO., LTD. is a Japan-based holding company principally engaged in the manufacture and sale of instant foods, such as instant noodles. The Company is also involved in other food business, logistics business and other related business. The Company operates its business through five business segments. The four business segments, Nisshin Foods, Myojo Foods, Americas and China, mainly manufacture and sell instant bag noodles and cup noodles respectively. Low Temperature segment is involved in the manufacture and sale of chilled products and frozen products.
NISSIN FOODS HOLDINGS CO.,LTD. 
