AISIN SEIKI : Notice Concerning the Status of the Repurchase of Shares of our Common Stock(Under the provision of its Articles of Incorporation in accordance with Article 165, paragraph 2 of the Companies Act of JAPAN)
January 11, 2017 at 06:03 am IST
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[Translation]
January 11, 2017
Notice Concerning the Status of the Repurchase of Shares of our Common Stock (Under the provision of its Articles of Incorporation in accordance with Article 165, paragraph 2 of the Companies Act of JAPAN)
AISIN SEIKI Co., LTD. (the "Company") hereby announces the status of acquisition of own shares based on Article 156 of the Companies Act (Japan), which is applicable in accordance with Article 165, Paragraph 3 of the same law, as below.
Class of shares to be acquired Common stock of the Company
Total number of shares to be acquired 1,397,000 share
Total cost of shares acquired 7,023,232,500 yen
Period of acquired From December 1, 2016 to December 31, 2016
(Reference)
Details of the resolution approved at the board of directors meeting on July 29, 2016
Class of shares to be acquired Common stock of the Company
Total number of shares to be acquired 10,000,000 shares (maximum)
(The percentage compared to the total number of shares outstanding: 3.46%)
Aggregate amount of acquisition cost 50,000,000,000 yen (maximum)
Period of acquisition From August 1, 2016 to March 31, 2017
The total number and cost of shares acquired (as of December 31, 2016), pursuant to the above stated resolution of the board of directors' meeting.
Total number of shares acquired 7,500,000 shares
Total cost of shares acquired 35,738,223,484 yen
Aisin Seiki Co. Ltd published this content on 11 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 January 2017 00:33:06 UTC.
Original documenthttp://www.aisin.com/news/pdf/20170111.pdf
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Aisin Corp is a Japan-based company mainly engaged in the manufacture and sale of automotive parts. It manufactures and sells automotive parts through five segments, including Japan, North America, Europe, China, and Association of South-East Asian Nations (ASEAN) & India. The Japan segment also manufactures and sells energy solution-related equipment. Automotive parts include powertrain-related parts such as automatic transmissions (AT), and manual transmissions (MT), driving safety-related parts such as brake master cylinders, and disc brakes, body-related parts such as power sliding door systems, power back door systems, and sunroofs, and other connected and sharing solutions (CSS)-related parts such as car navigation systems. The energy solution-related products include gas heat pump air conditioners (GHP), cogeneration systems, shower toilets, home renovations, construction and civil engineering, and petroleum sales. The Company is also engaged in the automotive parts business.
AISIN SEIKI : Notice Concerning the Status of the Repurchase of Shares of our Common Stock(Under the provision of its Articles of Incorporation in accordance with Article 165, paragraph 2 of the Companies Act of JAPAN)