KYOTO, Japan, Jan. 5, 2015 (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 March 8, 2014, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details are as follows:
Details of Share Repurchase | |
1. Period of own share repurchase: From December 1, 2014 through December 31, 2014 | |
2. Class of shares: Common stock | |
3. Number of own shares repurchased: 0 | |
4. Total repurchase amount: 0 yen | |
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 22, 2014 and March 8, 2014: | |
1. Class of shares: Common stock | |
2. Total number of shares to be repurchased: Up to 4,000,000 shares | |
(1.45% of total number of shares issued, excluding treasury stock) | |
3. Total repurchase amount: Up to 24 billion yen | |
4. Period of repurchase: From January 27, 2014 through January 26, 2015 | |
B) The accumulative number of own shares repurchased until December 31, 2014, pursuant to the Board of Directors resolution above: | |
1. Accumulative number of own shares repurchased: 0 | |
2. Total accumulative repurchase amount: 0 yen |