REG - Mitsubishi Corp. - Notification of Completion of Share Repurchase

MitsubishiAnnouncement

21/12/2023 08:15

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RNS Number : 5527X  Mitsubishi Corporation  21 December 2023

Translation of report filed with the Tokyo Stock Exchange on December 21, 2023

 

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 9, 2023. Details are described below.

 

1.    Share repurchases from December 1, 2023 to December 20, 2023

 (1).  Class of shares repurchased:         Common stock
 (2).  Total number of shares repurchased:  4,801,700 shares
 (3).  Aggregate repurchased amount:        32,501,890,900 yen
 (4).  Period of repurchases:               From December 1, 2023 to December 20, 2023
 (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  44,487,900 shares
 (3).  Aggregate repurchased amount        299,999,792,900 yen
 (4).  Period of repurchases               From May 10, 2023 to December 20, 2023
 (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                     133,463,700 shares*

                                                            (3.1% of the total number of shares outstanding)

                                                            * MC decided to conduct a stock split into three shares (effective date:
                                                            January 1, 2024). 133,463,700 shares are equivalent to all the shares we
                                                            repurchased as "2. Result of the Share Repurchases."
 (3).  Number of shares outstanding after the cancellation  4,179,018,153 shares
 (4).  Date of cancellation                                 January 31, 2024

 

(References)

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

May 9, 2023:

 (1).  Class of shares to be repurchased              Common stock
 (2).  Total number of shares to be repurchased       Up to 86 million shares

                                                      (Represents up to 6.0% of the total number of outstanding shares (excluding
                                                      treasury stock))
 (3).  Total purchase price for repurchase of shares  Up to 300 billion yen
 (4).  Period of repurchases                          From May 10, 2023 to December 31, 2023
 (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 9, 2023:

 (1).  Class of shares to be cancelled   Common Stock
 (2).  Number of shares to be cancelled  All shares repurchased
 (3).  Date of cancellation              January 31, 2024

 

 

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