Tokyo Electron : Notice regarding the Status of Share Repurchase (Under the provisions of its Articles of Incorporation pursuant to paragraph 1, Article 459 of the Companies Act of Japan)
July 01, 2019 at 04:58 am EDT
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Tokyo Electron (TEL) announced that TEL executed repurchase of its own shares as stated below in accordance with the resolution of the Board of Directors' meeting held on May 27, 2019, under the provisions of its Articles of Incorporation pursuant to paragraph 1, Article 459 of the Companies Act.
1. Type of shares acquired: Shares of common stock
2. Total number of shares acquired: 2,416,800 shares
3. Total cost of acquisition: 36,012,401,991 yen
4. Period of acquisition: From June 1, 2019 to June 30, 2019
5. Method of acquisition: Purchased on the Tokyo Stock Exchange
(Reference)
1. Details of the resolution of the Board of Directors' meeting held on May 27, 2019
(1) Type of shares to be acquired: Shares of common stock
(2) Total number of shares to be acquired: Up to 14 million shares
(Equivalent to 8.5% of outstanding shares excluding treasury stock)
(3) Total cost of acquisition: Up to 150 billion yen
(4) Period of acquisition: From May 28, 2019 to December 31, 2019
2. Cumulative total of shares repurchased in accordance with the above Board of Directors' meeting resolution
(As of June 30, 2019)
(1) Total number of shares acquired: 2,904,000 shares
(2) Total cost of acquisition: 43,253,578,004 yen
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TEL - Tokyo Electron Ltd. published this content on 01 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2019 08:57:03 UTC
Tokyo Electron Ltd specializes in the design, manufacturing and marketing of production of semiconductors and flat screens equipments. Net sales break down by family of products as follows:
- production of semiconductors equipments (94%);
- production of flat screens equipments (6%). The group is also providing manufacturing of photovoltaic panels equipments.
Net sales break down geographically as follows: Japan (14.1%), China (28.5%), South Korea (20.4%), Taiwan (17.9%), North America (10.9%), Europe (4.5%) and other (3.7%).
Tokyo Electron : Notice regarding the Status of Share Repurchase (Under the provisions of its Articles of Incorporation pursuant to paragraph 1, Article 459 of the Companies Act of Japan)