OMRON Announces Completion of Stock Repurchase Program (Repurchase of Company Stock under Article 156 of the Corporate Law of Japan)
- For Immediate Release
-
August 13, 2008
Company Name: OMRON Corporation President and Chief Executive Officer: Hisao Sakuta Stock ticker number: 6645 Stock exchanges: Tokyo, Osaka, Nagoya
(First Sections)Contact: Hiroshi Oishi, General Manager
Investor Relations DepartmentPhone: +81-3-3436-7170
Kyoto, Japan—OMRON Corporation (TSE: 6645; ADR: OMRNY) today announced the completion of its stock repurchase program, which was approved at the 71st Ordinary General Shareholders’ Meeting on July 31, 2008 and resolved at a meeting of Omron’s Board of Directors the same day. Details are as follows.
| (1) Type of shares repurchased: | Common shares of Omron stock | |
| (2) Number of shares repurchased: | 1,500,000 shares | |
| (3) Total cost of shares repurchased: | JPY 2,958,836,600 | |
| (4) Method of repurchase: | Purchase in the market through a trust bank | |
| (5) Repurchase period: | From August 4, 2008 to August 12, 2008(trade base) |
Reference:
Matters resolved at the Board of Directors Meeting on July 31, 2008
(Approved at the 71st Ordinary General Shareholders’ Meeting)
Matters resolved at the Board of Directors Meeting on July 31, 2008
(Approved at the 71st Ordinary General Shareholders’ Meeting)
| Type of shares to be repurchased: | Common shares of Omron stock | |
| Number of shares to be repurchased: | Up to 1.5 million (0.68% of total shares outstanding (excluding treasury stock)) | |
| Total cost of shares to be repurchased: | Up to JPY 5 billion | |
| Method of repurchase: | Purchase in the market through a trust bank | |
| Repurchase period: | From August 4, 2008 to September 3, 2008 (trade base) |