Notice of Acquisition and Cancellation of Treasury Stock
October 28, 2014
|Company Name:||OMRON Corporation|
President and CEO
|Stock exchanges:||Tokyo (First Section)|
Investor Relations Department
KYOTO, Japan -- The Board of Directors of OMRON Corporation (TOKYO: 6645; ADR: OMRNY) today resolved the acquisition of treasury stock pursuant to Article 156 and Article 165-3 of Company Law of Japan, and the cancellation of a part of treasury stock pursuant to Article 178 of Company Law of Japan.
Reasons for acquisition and cancellation of treasury stock
In order to improve the capital efficiency, and to enhance the shareholder value per share and the return of profits to shareholders, OMRON has decided to acquire its own stock. In addition, OMRON has decided to cancel the acquired stock as well as its existing 6.9 million treasury stock.
Details of acquisition
(1) Type of shares to be acquired : Common stock of the Company (2) Number of shares to be acquired : Up to 3,000,000 shares
(1.36% of total shares outstanding (excluding treasury stock))
(3) Total amount of acquisition : Up to JPY 15,000,000,000 (4) Period of acquisition : From October 29, 2014 to December 5, 2014 (Trade base) (5) Method of acquisition : Open market purchase through a trust bank
Details of cancellation
(1) Type of shares to be cancelled : Common stock of the Company (2) Number of shares to be cancelled : 6,900,000 shares and all of the shares acquired as stated 2 above (3) Date of cancellation : December 25, 2014 (Plan)
Holdings of treasury stock as of September 30, 2014
|Number of shares issued (excluding treasury stock)||:||220,081,518 shares|
|Treasury stock||:||7,039,854 shares|
* The actual number of shares acquired and cancelled will be announced after completing the acquisition stated 2 above.