The Kansai Electric Power Co., Inc. (Code: 9503)
6-16 Nakanoshima 3-chome, Kita-ku, Osaka
(URL http://www.kepco.co.jp)
Company Representative: Makoto Yagi, President and
Director
Contact: Momosuke Ozuku, General Manager, Office of Financing
and Accounting
Tel: +81-6-6441-8821
Kansai Electric Power Co., Inc. (the Company) announces that
at the meeting of the Board of Directors held today, the
Company resolved to discontinue the purchase of its own
shares, resolved pursuant to Article 156 of the Companies Law
of Japan as applied pursuant to Article 165, Paragraph 3 on
April 27, 2011.
This is because our business environment has changed since
the resolution of Share-buyback Program.
1. Contents of the resolution made by the Board of Directors on April 27, 2011
(1) | Class of shares to be repurchased: | Kansai Electric ordinary shares |
(2) | Maximum number of shares: |
11,000,000 shares (Representing 1.2% of total outstanding shares (excluding treasury stock) ) |
(3) | Maximum amount of repurchase: | 19,000 million yen |
(4) | Repurchase schedule: | From May 2, 2011 to March 31, 2012 |
2.
(1) | Total number of shares: | 0 shares |
(2) | Total amount of repurchase: | 0 yen |
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