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(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)
KYOTO, Japan, May 08, 2017 -- 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 24, 2017, 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 April 1, 2017 through April 30, 2017
2. Class of shares: Common stock
3. Number of own shares repurchased: 520,000
4. Total repurchase amount: 5,138,822,700 yen
Note: The above repurchase information has been prepared on the basis of execution date.
Reference
A) The following details were resolved by the Company’s Board of Directors on January 24, 2017:
1. Class of shares: Common stock
2. Total number of shares that may be repurchased: Up to 5,000,000 shares
(1.69% of total number of shares issued, excluding treasury stock)
3. Total repurchase amount: Up to 50 billion yen
4. Period of repurchase: From January 27, 2017 through January 26, 2018
B) Total number and yen amount of own shares repurchased from January 27, 2017 through April 30, 2017, pursuant to the Board of Directors resolution above:
1. Total number of own shares repurchased: 520,000
2. Total repurchase amount: 5,138,822,700 yen
Contact: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 [email protected]
