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)
June 03, 2024 at 11:48 am IST
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June 3, 2024
Name of Company:
NEXON Co., Ltd.
Representative:
Junghun Lee, 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") 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:
May 15, 2024 to May 31, 2024
(delivery basis)
2.
Class of shares:
Ordinary shares of Nexon
3.
Total number of shares acquired:
3,516,700 shares
4.
Total amount:
JPY 9,158,965,521
5.
Acquisition method:
Purchase at market on the Tokyo Stock Exchange
(Reference)
1. Details of resolution of the Board of Directors held on May 14, 2024:
(1)
Class of shares:
Ordinary shares of Nexon
(2)
Total number of shares to be
15,000,000 shares (at maximum)
acquired:
(1.8% of the total number of shares outstanding
excluding treasury shares)
(3)
Total acquisition cost:
JPY 30 billion (at maximum)
(4)
Acquisition period:
May 15, 2024 to July 19, 2024
(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 May 31, 2024 (delivery basis)
(1)
Total number of shares acquired:
3,516,700 shares
(2)
Total amount:
JPY 9,158,965,521
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Nexon Co. Ltd. published this content on
03 June 2024 and is solely responsible for the information contained therein. Distributed by
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03 June 2024 06:17:02 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)