TSUGAMI : Completion and Result of Acquisition of Treasury Stock and Decision on Matters for Acquiring Treasury Stock(93KB)
June 19, 2019 at 12:19 am
Share
June 19, 2019
For Immediate Release
Company Name: TSUGAMI CORPORATION
Representative: Takao Nishijima, Chairman and CEO
(Stock Code: 6101, Tokyo Stock Exchange, First Section)
Contact: Toshio Honma, COO ADMINISTRATION
Tel: +81-3-3808-1711
Completion and Result of Acquisition of Treasury Stock and Decision on Matters for Acquiring Treasury Stock
(Treasury stock acquisition under the Articles of Incorporation pursuant to Article 459, Paragraph 1 of the Companies Act)
TSUGAMI CORPORATION announced today that the treasury stock acquisition period, which was set based on the Board of Directors meeting held on June 19, 2019 (under the Articles of Incorporation in accordance with Article 459, Paragraph 1 of the Companies Act) has expired. The results are mentioned in Item I below.
The company also announced that a decision to acquire treasury stock was resolved again at a meeting of the Board of Directors held today in accordance with Article 459, Paragraph 1 of the Companies Act. The details are mentioned in Item II below.
I Completion of acquisition of treasury stock
1.
Acquisition period:
From January 22, 2019 to June 18, 2019
2.
Type of stock to be acquired:
Common stock of the Company
3.
Content of the resolution on January 22, 2019 and actual results of acquisition
Content of resolution
Actual results of acquisition
Percentage of
digestion
Number of shares that can be
1,000 thousand shares
- thousand shares
00.0%
acquired
(maximum)
Total acquisition cost
700 million yen
- million yen
00.0%
(maximum)
*The Company acquired treasury stock above in consideration of its earnings and the stock market trend
II Decision to acquire treasury stock
1.Reason for the acquisition of treasury stock
The Company will acquire treasury stock to execute flexible capital policies in response to changes in the business environment.
2.Matters related to the acquisition of treasury stock
(1)
Type of stock to be acquired:
Common stock of the Company
(2)
Number of shares that can be acquired:
1,000 thousand shares (maximum)
(1.93% of the number of shares outstanding (excluding treasury stock) )
(3)
Total acquisition cost:
850 million yen (maximum)
(4)
Acquisition period:
From June 19, 2019 to November 11, 2019
(Reference)
Treasury stock as of June 18, 2019
Number of shares outstanding:
55,000 thousand shares
Number of treasury stock shares:
3,153 thousand shares
Ratio of the number of treasury stock shares:
5.73 %
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Tsugami Corporation published this content on 19 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 June 2019 04:18:01 UTC
TSUGAMI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automatic lathes, grinders, machining centers, rolling machines. The Company operates through Japan, China, India, Korea and other region five geography segments. The Company is also engaged in the related research and other services. The products include CNC precision automatic lathes, including independent opposed gang tool type, opposed gang tool type, gang-tool slede & turret and chuck work; CNC lathes, including M08JL8-II, M06JC-II; turning centers, including TMA8J, TMA8H and TMA8F; machining centers, including vertical machining centers and horizontal machining centers; grinding machines, including CNC cylindrical grinding machines and small grinding machines; rolling machines, including CNC precision rolling machines and precision rolling machines.