Inabata : Notice Concerning Open-Market Purchase of Treasury Shares and Completion of Acquisition, and Concerning the Number of Treasury Shares to be
March 03, 2022 at 06:51 am IST
Share
To whom it may concern:
February 28, 2022
Company name:
Inabata & Co., Ltd.
Representative:
Katsutaro Inabata, Director, President
(Stock code: 8098, First Section of the Tokyo Stock Exchange)
Inquiries:
Koichi Noda, General Manager,
Financial Management Office
(TEL 03-3639-6421)
Notice Concerning Open-Market Purchase of Treasury Shares and Completion of
Acquisition, and Concerning the Number of Treasury Shares to be Retired
(Acquisition of treasury shares based on the Articles of Incorporation pursuant to the provisions of Article 165, Paragraph 2 of the Companies Act, and Retirement of treasury shares based on the provisions of Article 178 of the Companies Act)
Inabata & Co., Ltd. (hereinafter "the Company") hereby announces that it has completed the open-market purchase of treasury shares as follows, and the acquisition of treasury shares which had been resolved at the meeting of the Board of Directors held on February 7, 2022 and announced on the same day.
Additionally, the Company hereby announces that the number of shares to be retired has been determined due to the completion of the acquisition of treasury shares, which had been resolved at the meeting of the Board of Directors held on February 7, 2022 and announced on the same day.
1. Results of Acquisition of treasury shares
Class of shares acquired:
Total number of shares acquired:
Aggregate amount of acquisition price:
Acquisition period:
Method of acquisition:
Common shares
3,085,100 shares ¥7,499,947,000
From February 8, 2022 to February 25, 2022 (on the basis of execution date) Open-market purchase on the Tokyo Stock Exchange
2. Retirement of treasury shares
(1) Class of shares to be retired:
Common shares
(2) Total number of shares to be retired:
3,085,100 shares
(3) Scheduled date of retirement:
October 6, 2022
Note: The total number of issued shares of the Company after the retirement will be 57,714,127
shares.
(Reference)
1. Details of resolution regarding the acquisition of treasury shares (meeting of the Board of
Directors held on February 7, 2022)
(1) Class of shares to be acquired:
Common shares
Total number of shares that can be acquired: 3,500,000 shares (upper limit)
(Percentage to the total number of issued shares (excluding treasury shares): 5.80%)
(3) Aggregate amount of acquisition price:
¥7,500 million (upper limit)
(4) Acquisition period:
From February 8, 2022 to August 31, 2022
(5) Method of acquisition:
Market purchase on the Tokyo Stock Exchange
2. Details of resolution regarding the retirement of treasury shares (meeting of the Board of Directors held on February 7, 2022)
(1)
Class of shares to be retired:
Common shares
(2)
Number of shares to be retired:
Total number of the treasury shares acquired
through 1. above
(3)
Scheduled date of retirement:
October 6, 2022
3. Number of treasury shares held by the Company as of February 25, 2022
(1) Total number of issued shares (excluding treasury shares):
57,309,408 shares
(2) Number of treasury shares:
3,489,819 shares
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Inabata & Co. Ltd. published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 01:19:05 UTC.
Inabata & Co., Ltd. is a Japan-based company that sells information and electronics, chemicals and other products. It operates in five business segments. The Information and Electronics segment provides semiconductors and liquid crystal materials, machinery equipment, ink for copiers and printers, as well as materials for electronics industry. The Chemical segment offers raw materials of automobile components, resins and gum, paintings and inks, paper manufacturing chemicals. The Living Industry segment sells intermediates for medical and agricultural chemicals, fine chemicals, raw materials of pesticide and toiletries, functional food, marine products, agricultural products, and starches. The Synthetic Resin segment provides general-purpose resins and engineering plastic. The Housing Environment segment sells wood, bonded wood, wood construction materials, housing equipment and housing-related materials.
INABATA & CO.,LTD. 
