- Masahiro Nagayasu
- General Manager
- Investor Relations
- +81-75-935-6140
- ir@nidec.com
Released on January 6, 2020, in Kyoto, Japan
(Repurchase of own shares, pursuant to the Company's Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan)
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 23, 2019, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details are as follows:
Details of Share Repurchase
1. Period of own share repurchase:
From December 1, 2019 through Decemb er 31, 2019
2. Class of shares:
Common stock
3. Number of own shares repurchased:
0
4. Total repurchase amount:
0 yen
Reference
A) The following details were resolved by the Company’s Board of Directors on January 23, 2019:| 1. Class of shares: | Common stock |
| 2. Total number of shares that may be repurchased: | Up to 5,000,000 shares (1.70% of total number of shares issued, excluding treasury stock) |
| 3. Total repurchase amount: | Up to 50 billion yen |
| 4. Period of repurchase: | From January 29, 2019 through January 23, 2020 |
B) Total number and yen amount of own shares repurchased from January 29, 2019 through December 3 1 2019, pursuant to the Board of Directors resolution above:
| 1. Total number of own shares repurchased | 0 |
| 2. Total repurchase amount: | 0 yen |
