Sekisui Chemical : Notice concerning the Purchase of Treasury Stock through ToSTNeT-3
August 03, 2020 at 03:33 am EDT
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August 3, 2020
Press Release
SEKISUI CHEMICAL CO., LTD.
Notice concerning the Purchase of Treasury Stock through ToSTNeT-3
SEKISUI CHEMICAL CO., LTD. ("Company" hereinafter) is announcing that it has decided on a specific method to purchase treasury stock pursuant to the provisions of Article 156 of the Corporate Law, after applying the provision of Article 165, Item 3 of the Law, as follows.
Method of acquisition
The Company will entrust the acquisition of its treasury stock at a closing price of 1,465 yen as of this day (August 3, 2020) through ToSTNeT-3 of the Tokyo Stock Exchange at 8:45 a.m. as of August 4, 2020 (no change to other trading systems and the trading time shall be made). In addition, the buy order shall be valid only at the trading time mentioned above.
Details of the acquisition
Type of shares to be acquired: Common shares of SEKISUI CHEMICAL
Total number of shares to be acquired: 3,000,000 shares
Announcement of the results of the acquisition: The acquisition results shall be announced after the close of trading at 8:45 a.m. as of August 4, 2020.
Notes: 1. The number of shares to be acquired as above shall not be changed. In addition, the whole or a part of the acquisition of the Company's own shares may not be made according to the market conditions.
2. Acquisition of the Company's own shares shall be made to sell orders matching buy orders.
(Reference)
1. Details of the resolution of the Board of Directors meeting held on April 27, 2020
Type of shares to be acquired: Common shares of the SEKISUI CHEMICAL
Total number of shares to be acquired: Up to 8,000,000 shares (maximum)
(Rate of the maximum shares to be acquired to the total outstanding shares: 1.75%)
Total acquisition cost: Up to 16 billion yen (maximum)
Acquisition period: From April 28, 2020 to March 31, 2021
2. Status of the acquisition as of August 3, 2020
Total number of shares acquired: 2,092,600 shares
Total amount of acquisition cost: 2,762,232,000 yen
Press Contact
SEKISUI CHEMICAL CO., LTD.
Public Relations Department
Fax: (+81) 3-6748-6547
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Sekisui Chemical Co. Ltd. published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2020 07:33:22 UTC
Sekisui Chemical Co., Ltd. is a company that operates in four business segments .The Housing segment is engaged in the manufacture, construction, sale and renovation of unit housing, the sale of land for subdivision, the provision of reform services, as well as the construction and sale of interior items, exterior items and real estate. The Environment and Life Line segment offers vinyl chloride pipe and fittings, polyethylene pipe and fittings, system pipe, aqueduct/water conduit rehabilitation materials, reinforced plastic composite pipes, and building materials, among others. The High-performance Plastics segment offers intermediate films for laminated glass, foamed polyolefin, tapes, particulate for liquid crystal and sensitive materials and test drug, among others. The Others segment is engaged in the manufacture and sale of film type lithium ion battery, as well as the provision of other products and services.
SEKISUI CHEMICAL CO., LTD. 
