Notice Regarding Market Purchase of Treasury Stock and Completion of Acquisition[PDF : 164KB]
May 19, 2021 at 01:06 am EDT
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Company:
Representative:
Contact:
May 19, 2021
Tokyo Gas Co., Ltd.
UCHIDA Takashi,
Representative Director, President
(Securities code: 9531, TSE 1 &
NSE 1)
NAKAJIMA Kei, General Affairs
Group Manager
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 28, 2021.
Details
1. Type of share to be acquired
: Common stock of Tokyo Gas
2. Period of purchase
: May 10, 2021 - May 18, 2021 (Commitment basis)
3.
Total number of shares acquired
: 1,439,500 shares
4.
Total acquisition amount
: ¥3,299,881,550-
5. Method of acquisition
: Market purchases through the Tokyo Stock Exchange
(Reference)
Details of the resolution made by the Board of Directors on April 28, 2021
(1) Type of shares to be acquired
Common stock of Tokyo Gas
(2) Total number of shares to be acquired
1.7 million shares (upper limit)
(0.4% of total number of issued shares)
(3) Total acquisition amount
3.3 billion yen (upper limit)
(4) Acquisition period
May 6, 2021 - September 30, 2021
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Disclaimer
Tokyo Gas Co. Ltd. published this content on 19 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2021 05:05:05 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