Nissin Foods : Notice Regarding Acquisition of the Company's Own Shares
February 02, 2022 at 11:29 pm EST
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February 3, 2022
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 February 3, 2022, 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)
(1.82% of the total number of shares outstanding (excluding treasury shares))
Total amount of acquisition price: 12,000,000,000 yen (Maximum)
Period: From February 4, 2022 to September 30, 2022
Method of acquisition: Market transactions on the Tokyo Stock Exchange
Reference: Status of the Company's own shares as of December 31, 2021
Total number of shares outstanding (excluding treasury shares): 102,746,049 shares
Number of treasury shares: 2,953,951 shares
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Nissin Foods Holdings Co. Ltd. published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2022 04:28:07 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. 
