KYOTO, Japan, Jan. 5, 2012 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced the status of the Company's own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on October 7, 2011, pursuant to Article 459, Paragraph 1, Item 1 of the Companies Act of Japan.
Details are as follows:
Details of Share Repurchase
1. Period of own share repurchase: From December 1, 2011 through December 31, 2011
2. Class of shares: Common stock
3. Number of own shares repurchased: 0 shares
4. Total repurchase amount: 0 yen
5. Method of repurchase: Repurchased on the Osaka Securities Exchange through a trust established for this purpose.
Note: The above repurchase information has been prepared on the basis of execution date.
Reference
A) The following details were resolved by the Company's Board of Directors on February 5, 2011 and October 7, 2011:
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 6,000,000 shares
(4.14% of total number of shares issued)
3. Total repurchase amount: Up to 47 billion yen
4. Period of repurchase: From February 7, 2011 through February 6, 2012
B) The accumulative number of own shares repurchased up to December 31, 2011, pursuant to the Board of Directors resolution above:
1. Accumulative number of own shares repurchased: 2,316,700 shares
2. Total accumulative repurchase amount: 14,982,398,000 yen
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