June 8, 2021 | |
Company name: | ESPEC CORP. |
Representative: | Masaaki Ishida, President |
Listing: | Tokyo, Stock Exchange, First section |
Securities code: | 6859 |
Inquiries: | Keiji Oshima, |
Chief Officer of Corporate Control Headquarters | |
Telephone: | +81-6-6358-4741 |
Notice Concerning Acquisition of Own Shares and Repurchase of Own Shares
Through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)
(Acquisition of Own Shares Under the Provisions of the Articles of
Incorporation Pursuant to the Provisions of Article 165, Paragraph (2) of the
Companies Act and Repurchase of Own Shares Through Off-Auction
Own Share Repurchase Trading System (ToSTNeT-3))
ESPEC CORP. hereby announces that it has resolved, at a meeting of the Board of Directors held on June 8, 2021 to acquire its own shares pursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, paragraph (3) of the same Act. The details are described below.
1. Reason for acquisition of own shares
A flexible capital policy in response to changes in the business environment
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Method of acquisition
At 8:45 a.m. on June 9, 2021, a consigned purchase order will be placed with the Tokyo Stock Exchange off-auction own share repurchase trading system (ToSTNeT-3) at the closing price of 2,133 yen (including final special quote) for today, June 8, 2021 (no changes to other transaction systems or transaction times will be made).
The purchase order will apply only to the specified transaction time. - Details of acquisition
(1) | Class of shares to be | Common shares |
acquired | ||
Total number of shares to | Up to 500,000 shares | |
(2) | (2.16% of total number of issued shares (excluding treasury | |
be acquired | shares)) | |
(3) | Total amount of share | Up to 1,066,500,000 yen |
acquisition costs | ||
(4) | Announcement of results | The results of the acquisition will be announced after completion |
of acquisition | of the transaction at 8:45 a.m. on June 9, 2021 | |
Note 1: No change will be made to the number of shares specified above. Note, however, that part or all of the acquisition may not be carried out depending on market trends and other factors.
Note 2: The purchase will be made on the basis of sell orders corresponding to the number of shares scheduled to be acquired.
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(Reference) Holding status of treasury shares as of March 31, 2021
Total number of issued shares (excluding treasury shares)
Number of treasury shares
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Disclaimer
Espec Corporation published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 07:02:03 UTC.