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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