REG - Mitsubishi Corp. - Completion of Share Repurchase

MitsubishiAnnouncement

02/09/2022 08:15

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RNS Number : 0762Y  Mitsubishi Corporation  02 September 2022

Translation of report filed with the Tokyo Stock Exchange on September 2, 2022

 

Notification of Completion of Share Repurchase and Number of Shares of

Treasury Stock to be Cancelled

 

Mitsubishi Corporation (MC) hereby announces the completion of its share
repurchase pursuant to Article 156 of the Companies Act of Japan as applied
pursuant to Paragraph 3, Article 165 of the same act, as well as the total
number of shares of treasury stock to be cancelled in accordance with Article
178 of the same act. These resolutions were reached at the meeting of MC's
Board of Directors held on May 10, 2022. Details are described below.

 

1.    Share repurchases from September 1, 2022 to September 1, 2022

 (1).  Class of shares repurchased:         Common stock
 (2).  Total number of shares repurchased:  700 shares
 (3).  Aggregate repurchased amount:        3,153,000 yen
 (4).  Period of repurchases:               From September 1, 2022 to

                                            September 1, 2022
 (5).  Method of repurchases:               Purchased on the Tokyo Stock Exchange

 

2.    Results of the Share Repurchases:

 (1).  Class of shares repurchased         Common stock
 (2).  Total number of shares repurchased  16,578,000 shares
 (3).  Aggregate repurchased amount        69,999,918,000 yen
 (4).  Period of repurchases               May 11, 2022 to September 1, 2022
 (5).  Method of repurchases               Purchase on the Tokyo Stock Exchange

 

3.    Details of the Cancellation of Treasury Stock:

 (1).  Class of shares to be cancelled                      Common Stock
 (2).  Number of shares to be cancelled                     11,578,000 shares

                                                            (0.8% of the total number of shares outstanding)
 (3).  Number of shares outstanding after the cancellation  1,474,145,351 shares
 (4).  Date of cancellation                                 September 30, 2022

 

(References)

1.    Details of share repurchase resolved at the meeting of MC's Board of
Directors held on

May 10, 2022:

 (1).  Class of shares to be repurchased              Common stock
 (2).  Total number of shares to be repurchased       Up to 23 million shares

                                                      (Represents up to 1.5% of the total number of outstanding shares (excluding
                                                      treasury stock))
 (3).  Total purchase price for repurchase of shares  Up to 70 billion yen
 (4).  Period of repurchases                          May 11, 2022 to September 11, 2022
 (5).  Method of repurchases                          Purchase on the Tokyo Stock Exchange

 

2.    Details of cancellation of shares of treasury stock resolved at the
meeting of MC's Board of Directors held on May 10, 2022:

 (1).  Class of shares to be cancelled   Common Stock
 (2).  Number of shares to be cancelled  All shares repurchased, excluding those to be delivered upon exercises of
                                         stock options (5 million shares)
 (3).  Date of cancellation              September 30, 2022

 

 

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