May 27, 2016
Company name: FANUC CORPORATION Representative: Yoshiharu Inaba, President and CEO (Stock Code: 6954, 1st Section, Tokyo Stock Exchange) Contact: Keisuke Fujii , Manager, Public Relations
Tel: (0555) 84 - 5555
Notice Concerning the Cancellation of Treasury Shares (pursuant to the provision of Article 178 of the Company Act)
At a meeting held on May 27, 2016, the Board of Directors of FANUC CORPORATION resolved to cancel its treasury shares as stated below based on our shareholder return policy announced in April 2015.
Content of the cancellation
Class of shares to be cancelled : Common shares
Number of shares to be cancelled : 1,869,500 shares
(0.91% of the shares outstanding before cancellation)
Date of cancellation : June 8, 2016
Reason for the cancellation
After we canceled our treasury shares in June 2015, we carried out share buybacks pursuant to Article 165 of the Company Act and purchases of the shares less than one unit. As a result, the number of our treasury shares increased. For the above mentioned reasons, we will cancel a portion of our treasury shares based on our policy, "We aim to limit the number of our treasury shares to a maximum of 5% of the total number of issued shares. We will, as a general rule, cancel any portion exceeding this limit every fiscal year."
Position of our shares
Before cancellation As of May 9, 2016 | After cancellation As of June 8, 2016 (scheduled) | |
The number of shares outstanding | 205,942,215 shares | 204,072,715 shares |
Treasury shares | 12,073,135 shares | 10,203,635 shares |
Rate to shares outstanding | 5.86% | 5.00% |
End
Fanuc Corporation published this content on 27 May 2016 and is solely responsible for the information contained herein.
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Original documenthttp://www.fanuc.co.jp/en/ir/announce/pdf/notice20160527_e.pdf
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