KYOTO, Japan, May 7, 2013 (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 January 24, 2013, 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 April 1, 2013 through April 30, 2013 |
2. Class of shares: Common stock |
3. Number of own shares repurchased: 500,000 shares |
4. Total repurchase amount: 2,695,777,000 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 January 24, 2013: |
1. Class of shares: Common stock |
2. Total number of shares to be repurchased: Up to 3,000,000 shares |
(2.21% of total number of shares issued, excluding treasury stock) |
3. Total repurchase amount: Up to 20 billion yen |
4. Period of repurchase: From January 25, 2013 through January 24, 2014 |
B) The accumulative number of own shares repurchased until April 30, 2013, pursuant to the Board of Directors resolution above: |
1. Accumulative number of own shares repurchased: 1,347,800 shares |
2. Total accumulative repurchase amount: 7,190,003,000 yen |