Notice regarding Decisions on OMRON Stock Repurchase (Repurchase of Company Stock under Article 165-2 of the Company Law of Japan)
FOR IMMEDIATE RELEASEJanuary 30, 2008
Company Name: | OMRON Corporation |
---|---|
President and CEO: | Hisao Sakuta |
Stock ticker number: | 6645 |
Stock exchanges: | Tokyo, Osaka, Nagoya (First Sections) |
Contact: | Hiroshi Oishi, General Manager Investor Relations Department |
Phone: | +81-3-3436-7170 |
OMRON Corporation (TOKYO: 6645; ADR: OMRNY; "OMRON", "the Company") announced that its Board of Directors resolved today to repurchase the Company's own shares under Article 156 of the Company Law of Japan, as applied pursuant to Article 165-3 of the said law.
As previously announced on September 14, 2007, OMRON repurchased its own stock pursuant to Article 156 of Japanese Company Law, under a resolution adopted at the 70th General Meeting of Shareholders on June 21, 2007. The resolution announced today is separate from these previous repurchases and has been made under the provisions of Articles of Incorporation pursuant to Article 165-2 of the abovementioned law.
- Reason for Repurchase
In order Ttoimprove shareholder returns by increasing per share value while at the same time facilitatinge flexible management in response to changes in economic conditions, OMRON's Board of Directors has resolved to make purchases of the Company's own stock separately from the resolution adopted at the 70th General Meeting of Shareholders.
- Details of Repurchase
- Type of shares to be repurchased
Common stock of the Company - Number of shares to be repurchased
Up to 6 million
(2.64% of total shares outstanding (excluding treasury stock)) - Total cost of shares to be repurchased
Up to JPY 18 billion - Repurchase period
From February 1, 2008 to March 18, 2008 (Trade base)
- Type of shares to be repurchased
Reference
- Matters resolved at the 70th General Meeting of Shareholders on June 21, 2007
- Type of shares to be repurchased
Common stock of the Company - Number of shares to be repurchased
Up to 3 million shares - Total cost of shares to be repurchased
Up to JPY 10 billion
- Type of shares to be repurchased
- Results of repurchase resolved at 70th General Meeting of Shareholders
- Number of shares repurchased
3 million shares - Total cost of shares repurchased
JPY 8,925,102,500
- Number of shares repurchased
- Treasury stock as of December 31, 2007
- Number of shares issued (excluding treasury stock)
227,681,592 shares - Treasury stock
21,439,780 shares
- Number of shares issued (excluding treasury stock)