November 8, 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 Results of Acquisition of Own Shares Through Off-Auction
Own Shares Repurchase Trading System (ToSTNeT-3)
NOK Corporation announces it has repurchased its own shares in line with the announcement concerning the acquisition of its own shares made yesterday, November 7, 2024. The details are described below.
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Reason for acquisition of own shares
To improve capital efficiency and corporate value based on its capital allocation and shareholder return policy under its current medium-term plan. - Details of acquisition
(1) | Class | of | shares | Common shares | |
acquired | |||||
(2) | Total | number | of | 1,920,600 shares | |
shares acquired | |||||
(3) | Acquisition costs | JPY 4,332,873,600 (JPY 2,256/share) | |||
(4) | Acquisition date | November 8, 2024 | |||
(5) | Method of acquisition | Purchase through off-auction own share repurchase trading system | |||
(ToSTNeT-3) of the Tokyo Stock Exchange | |||||
(ref.)
1. Resolution concerning acquisition of own shares on November 7, 2024
(1) | Class of | shares to | be | Common shares |
acquired | ||||
(2) | Total | number | of | 2,000,000 shares (maximum) |
shares to be acquired | （1.19% of total number of issued shares (excl. treasury shares) | |||
(3) | Total amount of share | JPY 4,512,000,000 (maximum) | ||
acquisition costs | ||||
*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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