NEXON : Status Report of Share Buyback Program (Share buyback based on the stipulation of the Articles of Incorporation pursuant to Article 165(2) of the Companies Act)
September 01, 2023 at 11:46 am IST
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September 1, 2023
Name of Company:
NEXON Co., Ltd.
Representative:
Owen Mahoney, Representative Director,
President and Chief Executive Officer
(Stock Code: 3659, TSE Prime Market)
Contact:
Shiro Uemura, Representative Director
and Chief Financial Officer
Telephone:
03-6629-5318
Status Report of Share Buyback Program
(Share buyback based on the stipulation of the Articles of Incorporation
pursuant to Article 165(2) of the Companies Act)
NEXON Co., Ltd. ("Nexon") (3659.TO) today announced the status of its share buyback program, implemented pursuant to Article 156 and Article 165(3) of the Companies Act of Japan, as follows:
1.
Acquisition period:
August 10, 2023 to August 31, 2023
(delivery basis)
2.
Class of stock:
Common shares of Nexon
3.
Total number of shares acquired:
2,102,200 shares
4.
Total amount:
JPY 5,851,485,150
5.
Acquisition method:
Purchase at market on the Tokyo Stock Exchange
(Reference)
1. Details of resolution of the Board of Directors on August 9, 2023:
(1)
Class of stock:
Common shares of Nexon
(2)
Total number of shares to be
10,000,000 shares (at maximum)
acquired:
(1.2% of the total number of shares outstanding
excluding treasury shares)
(3)
Total acquisition cost:
JPY 20 billion (at maximum)
(4)
Acquisition period:
August 10, 2023 to October 27, 2023
(5)
Acquisition method:
Purchase at market on the Tokyo Stock Exchange
2. Aggregate amount of Nexon shares repurchased from the date of the board resolution above to August 31, 2023 (delivery basis)
(1)
Total number of shares acquired:
2,102,200 shares
(2)
Total amount:
JPY 5,851,485,150
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Nexon Co. Ltd. published this content on 01 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2023 06:15:07 UTC.
NEXON Co, Ltd. is specialized in the development and publishing of interactive video games. The group offers games (MapleStory, Dungeon&Fighter, FIFA ONLINE 4, etc.) for PCs (70.9% of net sales) and mobile devices (28.4%; smartphones, tablets, etc.).
Net sales are distributed geographically as follows: Japan (1.8%), Korea (91.1%), North America (5.4%), China (1.1%) and others (0.6%).
NEXON : Status Report of Share Buyback Program (Share buyback based on the stipulation of the Articles of Incorporation pursuant to Article 165(2) of the Companies Act)
NEXON CO., LTD. 
