Kawasaki Kisen Kaisha : Notice Regarding the Status of Own Share Repurchase
January 03, 2023 at 09:48 pm
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N E W S L E T T E R
January 4, 2023
Notice Regarding the Status of Own Share Repurchase
Kawasaki Kisen Kaisha, Ltd. ("K" LINE) hereby announces the status of the Company's own share repurchase as follows pursuant to Article 156 of the Companies Act of Japan, which applies pursuant to Article 165, paragraph 3, of that law.
Details of Share Repurchase
1.Class of shares:
Common stock
2.Total number of shares repurchased:
6,287,900 shares
3.Total repurchase amount:
16,383,014,279 yen
4.Period of own share repurchase:
From December 1, 2022 through December 31,
2022
(Reference)
1.Details of the share repurchase plan authorized by the Board of Directors on November 4, 2022:
(1)Class of shares:
Common stock
(2)Total number of shares
that may be repurchased:
Up to 35,236,000 shares (12.41% of the total
number of shares issued, excluding treasury
stock)
(3)Total repurchasable amount:
100 billion yen
(4)Period of repurchase:
From November 8,2022 through March 31,
2023
2.Total number and yen amount of own shares repurchased from November 8, 2022 through December 31, 2022, pursuant to the Board of Directors resolution above:
(1)Total number of shares repurchased: 28,954,700 shares
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K Line - Kawasaki Kisen Kaisha Ltd. published this content on 04 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2023 02:47:08 UTC.
Kawasaki Kisen Kaisha, Ltd. is one of the Japanese largest maritime transportation providers. Net sales break down by activity as follows:
- logistics services (50.2%): warehousing, freight handling, port services, etc.;
- maritime transportation of freight (48.4%): transportation of dry bulk, oil products, liquefied natural gas, vehicles, containers, etc. At the end of March 2022, the group had a fleet of 434 vessels;
- other (1.4%).
Net sales are distributed geographically as follows: Japan (87.4%), Asia (6.3%), Europe (4.1%), the United States (2%) and other (0.2%).