TAIHEIYO CEMENT CORPORATION This document is a translated version of the Japanese original. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
August 10, 2021
Notice regarding the decision of matters pertaining to share repurchase
(share repurchase pursuant to the Articles of Incorporation based on Article 165, Paragraph 2 of the Companies Act)
Taiheiyo Cement Corporation (the "Company") hereby announces that the following matters pertaining to the repurchase of its shares were approved at the meeting of its Board of Directors held on August 10, 2021, pursuant to the provisions of Article 156 of the Companies Act as applied by replacing certain terms under the provisions of Article 165, Paragraph 3 of the same Act.
1. Reasons for the share repurchase
Based on the Company's Medium-Term Management plan, the Company will repurchase its shares in order to enhance shareholder returns.
2. Details of the repurchase
(1) | Class of shares to be repurchased | Common shares of the Company |
(2) | Total number of shares to be | 2,500,000 shares (maximum) |
(2.10% of the total number of shares issued (excluding treasury | ||
repurchased | ||
stock)) | ||
(3) Total repurchase amount | ¥5.0 billion (maximum) | |
(4) | Period for the repurchase | From August 11, 2021 to October 29, 2021 |
(5) | Method of the repurchase | Purchase through the Tokyo Stock Exchange |
(Reference) Status of treasury stock held as of June 30, 2021 | |
- Total number of shares issued (excluding treasury stock) | 118,890,581shares |
- Number of treasury stock | 3,094,497 shares |
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Disclaimer
Taiheiyo Cement Corporation published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2021 00:45:03 UTC.
