Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN
May 14, 2024
Announcement Concerning Resolution on Acquisition of Treasury Stock
TOKYO, JAPAN - INPEX CORPORATION(INPEX) announced today that its Board of Directors resolved at a meeting held on May 14, 2024 for the company to acquire its treasury stock pursuant to Article 156, as applied pursuant to paragraph 3, Article 165, of the Companies Act. Details of the acquisition are as follows.
1. Reasons for acquisition of treasury stock
To improve capital efficiency and enhance shareholder returns.
2. Details of the acquisition | ||
(1) | Type of shares to be acquired: | Common shares |
(2) | Total number of shares to be acquired: | Up to 40 million shares |
(3.18% of total number of issued shares | ||
excluding treasury stock) | ||
(3) | Total cost of acquisition: | Up to 50.0 billion yen |
(4) | Period of acquisition: | From May 15, 2024 to December 31, 2024 |
(5) Method of acquisition: | Market purchases on the Tokyo Stock Exchange |
(Reference) Total number of issued common shares and treasury stock held as of
March 31, 2024 | |
Total number of issued shares (excluding treasury stock): | 1,259,136,021 shares |
Total number of treasury stock: | 46 shares |
Note: The shares held by the Board Incentive Plan Trust (875,230 shares) are not included in the number of treasury stock.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0750
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Inpex Corporation published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 05:03:03 UTC.