KYOTO, Japan, Feb. 1, 2008 (PRIME NEWSWIRE) -- Nidec Corporation (NYSE:NJ) today resolved at a meeting of its Board of Directors to repurchase its own shares (Share Repurchase), pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details of Share Repurchase
1) Class of shares: Common stock 2) Total number of shares to repurchase: Up to 1,000,000 shares (0.69% of the total number of shares issued) 3) Total repurchase amount: Up to 6 billion yen 4) Period of repurchase: From February 4, 2008 to February 3, 2009 (Reference) Total number of shares issued and treasury stock as of January 31, 2008: * Total number of shares issued (excluding treasury stock): 144,940,223 shares * Treasury stock: 47,269 shares
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