Mitsubishi Corporation Notification of Completion of Share Repurchase
18 September 2024 - 8:00AM
RNS Regulatory News
RNS Number : 6628E
Mitsubishi Corporation
18 September 2024
Notification of Completion
of Share Repurchase and Number of Shares of
Treasury Stock to be
Cancelled
Mitsubishi Corporation (MC) hereby announces the
completion of its share repurchase pursuant to Article 156 of the
Companies Act of Japan as applied pursuant to Paragraph 3, Article
165 of the same act, as well as the total number of shares of
treasury stock to be cancelled in accordance with Article 178 of
the same act. These resolutions were reached at the meeting of MC's
Board of Directors held on February 6, 2024. Details are described
below.
1. Share repurchases from September
1, 2024 to September 17, 2024
|
(1).
|
Class of shares repurchased:
|
Common stock
|
|
(2).
|
Aggregate repurchased amount:
|
50,000,912,900 yen
|
|
(3).
|
Total number of shares repurchased:
|
17,334,600 shares
|
|
(4).
|
Period of repurchases:
|
From September 1, 2024 to September 17, 2024
|
|
(5).
|
Method of repurchases:
|
Purchased on the Tokyo Stock Exchange
|
2. Results of the Share
Repurchases:
|
(1).
|
Class of shares repurchased
|
Common stock
|
|
(2).
|
Aggregate repurchased amount
|
499,999,765,400 yen
|
|
(3).
|
Total number of shares repurchased
|
156,627,000 shares
|
|
(4).
|
Period of repurchases
|
From February 7, 2024 to September 17, 2024
|
|
(5).
|
Method of repurchases
|
Purchase on the Tokyo Stock Exchange
|
3. Details of the Cancellation of
Treasury Stock:
|
(1).
|
Class of shares to be cancelled
|
Common Stock
|
|
(2).
|
Number of shares to be cancelled
|
156,627,000 shares
(3.7% of the total number of shares
outstanding)
|
|
(3).
|
Number of shares outstanding after the
cancellation
|
4,022,391,153 shares
|
|
(4).
|
Date of cancellation
|
October 31, 2024
|
(References)
1. Details of share repurchase
resolved at the meeting of MC's Board of Directors held on
February 6, 2024:
|
(1).
|
Class of shares to be repurchased
|
Common stock
|
|
(2).
|
Aggregate repurchase amount
|
Up to 500 billion yen
(Represents about 5% of the total
number of outstanding shares (excluding treasury
stock) based on the closing price
on
February 5, 2024)
|
|
(3).
|
Total number of shares to be repurchased
|
Up to 417 million shares
(Represents up to 10% of the total
number of outstanding shares (excluding treasury
stock))
|
|
(4).
|
Planned period for repurchase
|
From February 7, 2024 to September 30, 2024
|
|
(5).
|
Method of repurchases
|
Purchase on the Tokyo Stock Exchange
|
2. Details of cancellation of
shares of treasury stock resolved at the meeting of MC's Board of
Directors held on February 6, 2024:
|
(1).
|
Class of shares to be cancelled
|
Common Stock
|
|
(2).
|
Number of shares to be cancelled
|
All shares repurchased
|
|
(3).
|
Date of cancellation
|
October 31, 2024
|
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