Notice Regarding Market Purchase of Treasury Stock and Completion of Acquisition[PDF : 160KB]
June 24, 2022 at 01:06 am EDT
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June 24, 2022
Press Release
Company:
Tokyo Gas Co., Ltd.
UCHIDA Takashi,
Representative:
Representative Corporate Executive Officer,
President and CEO
(Securities code: 9531, TSE Prime Market &
NSE Prime Market)
NAGATOMO Osamu
Contact:
General Manager of Legal Sect, General
Administration Dept.
Notice Regarding Market Purchase of Treasury Stock and Completion of Acquisition
(Acquisition of treasury stock under the Articles of Incorporation pursuant to
Article 165(2) of the Companies Act)
Tokyo Gas Co., Ltd.("Tokyo Gas") hereby serves notice that it has acquired the treasury stock on the open market pursuant to Article 156 of the Companies Act, as applied by replacing terms pursuant to provisions of Article 165 (3) of the Companies Act, as detailed below.
With this transaction, Tokyo Gas has reached the upper limit of total acquisition amount to be acquired, approved at the Board of Directors held on April 27, 2022.
Details
1. Type of share to be acquired
: Common stock of Tokyo Gas
2.
Period of purchase
: May 9, 2022 - June 23, 2022 (Commitment basis)
3.
Total number of shares acquired
: 6,121,500 shares
4.
Total acquisition amount
: ¥15,999,816,800-
5.
Method of acquisition
: Market purchases through the Tokyo Stock Exchange
(Reference)
Details of resolution on acquisition of treasury stock (announced April 27, 2022)
(1) Type of shares to be acquired
Common stock of Tokyo Gas
(2) Total number of shares to be acquired
8,500,000 shares (upper limit)
(1.9% of total number of issued shares)
(3) Total acquisition amount
16,000,000,000 yen (upper limit)
(4) Acquisition period
May 9, 2022 - September 30, 2022
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Disclaimer
Tokyo Gas Co. Ltd. published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 05:05:00 UTC.
Tokyo Gas Co., Ltd. specializes in production and distribution of natural gas. Net sales break down by activity as follows:
- production and distribution of natural gas (56.9%): 13billion m3 gas distributed in 2019/20;
- electric power distribution (22.4%);
- valves and gas pipes installation services (16.6%);
- real estate leasing (1.2%);
- other (0.5%): energy services, power distribution, natural gas transportation, etc.
The remaining sales (2.4%) are from international activities
TOKYO GAS CO., LTD. 
