Oiles : Notice Concerning status and Completion of Acquisition of Own Shares
August 02, 2022 at 02:10 am EDT
Share
August 2, 2022
Company name:
OILES CORPORATION
Name of representative:
Masami Iida, President
(Securities code: 6282;
Tokyo Stock Exchange, Prime Market)
Inquiries:
Yoshikazu Sakairi, Director,
Senior Operating Officer, General Manager,
Corporate Planning & Administrative
Division
(Telephone: +81-466-44-4901)
Notice Concerning Status and Completion of Acquisition of Own Shares
(Acquisition of Own Shares Under the Provisions of the Articles of Incorporation Pursuant to
the Provisions of Article 165, Paragraph (2) of the Companies Act)
Oiles Corporation (the "Company") hereby announces the status of the acquisition of own shares that was resolved at the Board of Directors meeting held on May 12, 2022, and is being implemented pursuant to the provisions of Article 156 of the Companies Act as applied mutatis mutandis under the provision of Article 165, Paragraph 3 of the Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, paragraph (3) of the same Act.
The company also hereby announces that the acquisition of own shares that was resolved at the Board of Directors meeting held on May 12, 2022 has been completed. The details are described below.
1.
Class of shares acquired
：Common shares of the Company
2.
Total number of shares acquired
：280,000 shares
3.
Total amount of share acquisition costs
：443,989,400 yen
4.
Acquisition period
：From July 1, 2022 to July 29, 2022 (Contract date basis)
5.
Acquisition method
：Market purchase on the Tokyo Stock Exchange
(Reference)
1. Details of resolution adopted at the Board of Directors meeting held on May 12, 2022
(1)
Class of shares to be
Common shares of the company
acquired
(2)
Total number of shares to
700,000 shares (maximum)
be acquired
(2.18% of total number of issued shares (excluding treasury shares))
(3)
Total amount of share
¥1,000,000,000 (maximum)
acquisition costs
(4)
Acquisition period
From May 19, 2022 to August 31, 2022
(5)
Acquisition Method
Market purchases on the Tokyo Stock Exchange
2. Cumulative total of the own shares acquired based on the aforementioned resolution of the Board of Directors meeting (as of July 29, 2022)
(1) Total number of shares acquired
：637,500 shares
Total amount of share acquisition costs ：999,977,500 yen
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OILES Corporation published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 06:09:29 UTC.
OILES CORPORATION is primarily engaged in the bearing equipment business. It has four business segments. The Bearing Equipment segment is engaged in the development, manufacture and sale of oilless bearings and others. The Structural Equipment segment is engaged in the development, manufacture and sale of support, seismic isolation and vibration suppression equipment, among others. The Construction Equipment segment is involved in the development, manufacture, sale, construction and maintenance of window operators, environmental equipment, and household equipment, among others. The Others segment is engaged in the purchase and sale of conduction equipment and others.
OILES CORPORATION 
