Casio Computer : Announces Resolution on the Purchase and Retirement of Treasury Shares(PDF/144KB)
February 21, 2022 at 04:31 am
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Company:
Casio Computer Co., Ltd.
Representative:
KASHIO Kazuhiro
President and CEO
Stock code:
6952 (TSE First Section)
Casio Announces Resolution on the Purchase and Retirement of Treasury Shares (Purchase of Treasury Shares Based on the Provisions in the Articles of Incorporation Pursuant to Paragraph 2, Article 165 of Japan's Companies Act and Retirement of Treasury Shares Pursuant to Article 178 of the Companies Act)
Casio Computer Co., Ltd. announced that the meeting of its board of directors on February 21, 2022 resolved to purchase treasury shares based on the provisions of Article 156 of Japan's Companies Act, which is applicable pursuant to Paragraph 3, Article 165 of the Act, and to retire the treasury shares based on the provisions of Article 178 of the Act. The details are as follows.
Reason for Purchase and Retirement of Treasury Shares
Casio will purchase and retire the treasury shares under a flexible capital policy of enhancing shareholder returns, improving capital efficiency, and responding to the business environment.
Details of purchase
(1)
Type of shares to be purchased
Common stock of Casio Computer Co., Ltd.
(2)
Total number of shares to be purchased
Up to 3,500,000 shares (representing 1.44% of total shares issued
and outstanding [excluding treasury shares])
(3)
Total cost of purchase of shares
Up to ¥5,000,000,000
(4)
Purchase period
February 22, 2022- April 28, 2022
(5)
Method of purchase
Open market purchase through the Tokyo Stock Exchange
3. Details of retirement
(1)
Type of shares to be retired
Common stock of Casio Computer Co., Ltd.
(2)
Number of shares to be retired
10,000,000 shares (representing 3.86% of total shares issued and
outstanding before the retirement)
(3)
Total shares issued and outstanding after the
249,020,914 shares
retirement
(4)
Scheduled date of retirement
March 31, 2022
(Reference)
Treasury shares as of February 18, 2022
Total shares issued and outstanding
242,649,939 shares
(excluding treasury shares)
Number of treasury shares
16,370,975 shares
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Disclaimer
Casio Computer Co. Ltd. published this content on 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 09:30:06 UTC.
Casio Computer Co., Ltd. specializes in the production and marketing of electronic equipment and components. Net sales break down by family of products as follows:
- electronic equipment (98%): consumer electronic products (calculators, electronic dictionaries, label printers, digital cameras, music instruments, etc.), mobile devices (primarily mobile phones), clocks, digital and analogue watches and other (data projectors, computers, printers, cash registers, etc.);
- other (2%): primarily electronic components.
CASIO COMPUTER CO., LTD. 
