Mitsubishi Gas Chemical : Notice on the Progress in and Completion of Share Buyback (125KB)
January 22, 2018 at 01:04 am
Share
Notice on the Progress in and Completion of Share Buyback
Jan 22, 2018
Mitsubishi Gas Chemical Company, Inc. (MGC) has completed its program to repurchase shares pursuant to the provisions of the Articles of Incorporation set forth in Article 459 (1) of the Japanese Companies Act.
This brings to a close the treasury share purchase period as resolved at the Nov 1, 2017 meeting of the MGC
Board of Directors.
1. Class of shares repurchased
Ordinary shares of MGC
2. Total number of shares repurchased
418,700
3. Total repurchase cost
1,405,913,499 yen
4. Repurchase period
Jan 1-19, 2018
5. Repurchase method
Market purchase
Reference
1. Resolution at Board meeting on Nov 1, 2017
(1) Class of shares to be repurchased
(2) Number of shares to be repurchased
(3) Total repurchase cost
(4) Repurchase periodOrdinary shares of MGC Up to 2,500,000 shares
(1.16 % of the total number of outstanding shares other than treasury shares)
Up to 7.0 billion yen
From Nov 2, 2017 to Jan19, 2018
(5) Repurchase method
Market purchase
2. Total own shares repurchased made by Jan 19,2018 as approved by the Board of Directors' meeting on Nov 1, 2017 are as follows.
(1) Total number of shares repurchased 2,207,600 shares
(2) Total amount of repurchase price 6,999,846,094 yen
End
MGC - Mitsubishi Gas Chemical Co. Inc. published this content on 22 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 January 2018 06:04:08 UTC.
Original documenthttp://www.mgc.co.jp/php/files_en/180122_2e.pdf
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MITSUBISHI GAS CHEMICAL COMPANY, INC. is a Japan-based chemical company. The Company operates in five business segments. The Natural Gas-related Chemicals segment manufactures and sells methanol, ammonia, amine products, methacrylic acid products, multiple alcohol, enzyme and crude. The Aromatic-related Chemicals segment manufactures and sells xylene isomer and xylene derivatives. The Functional Chemicals segment manufactures and sells industrial inorganic chemicals, electronic chemicals and engineering plastics. The Specialty Functional Materials segment manufactures and sells materials for printed circuit boards (PCBs), printed boards and deacidification agents. The Others segment is engaged in the real estate business.