November 7, 2024
Company name: | NOK CORPORATION |
Representative: | Masao Tsuru |
Representative Director, Group CEO | |
Securities code: | 7240 |
Contact person: | Shin Okubo |
Head, Investor Relations | |
(TEL: +81-3-5405-6372) |
Notice Concerning Acquisition of Own Shares Through Off-Auction Own Share
Repurchase Trading System (ToSTNeT-3)
NOK Corporation announces it has resolved, at a meeting of the Board of Directors held on November 7, 2024, the matters concerning the acquisition of its own shares and the specific method pursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article of 165, paragraph (3) of the same Act. The details are described below.
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Method of acquisition
At 8:45am on November 8, 2024, a consigned purchase order will be placed with the Tokyo Stock Exchange off-auction own share repurchase trading system (ToSTNeT-3) at the closing price of JPY2,256 (incl. final special quote) for today, November 7, 2024 (no changes to other transaction systems of transaction times will be made). The purchase order will apply only to the specified transaction time. - Details of acquisition
(1) | Class of shares to be | Common shares | ||
acquired | ||||
(2) | Total number | of | shares | 2,000,000 shares (maximum) |
to be acquired | ||||
(3) | Total amount | of | share | JPY 4,512,000,000 (maximum) |
acquisition costs | ||||
(4) | Announcement of results | After the completion of the transaction at 8:45am on November 8, 2024 | ||
of acquisition |
Note 1: No change will be made to the number of shares specified above. Note, however, that part or all of the acquisition may not be carried out depending on market trends and other factors.
Note 2: The purchase will be made on the basis of sell orders corresponding to the number of shares scheduled to be acquired.
(ref.) Status of treasury stocks as of September 30, 2024
Total number of shares issued | 167,623,498 shares |
(excl. treasury stocks) | |
Number of treasury stocks | 5,515,039 shares |
The number of treasury stocks above does not include 1,674,878 shares held in the Board Incentive Plan (BIP) Trust and 1,027,600 shares held in the Employee Stock Ownership Plan (ESOP).
*Any forward-looking statements on business result projections stated in this material are based on information currently available to NOK Corporation and certain assumptions which NOK Corporation deems reasonable, and are not meant to promise the achievement of such projections. Furthermore, actual financial results may differ significantly due to various factors.
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