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

MitsubishiAnnouncement

18/09/2024 07:00

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RNS Number : 6628E  Mitsubishi Corporation  18 September 2024

 

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 February 6, 2024. Details are described below.

 

1.    Share repurchases from September 1, 2024 to September 17, 2024

 (1).  Class of shares repurchased:         Common stock
 (2).  Aggregate repurchased amount:        50,000,912,900 yen
 (3).  Total number of shares repurchased:  17,334,600 shares
 (4).  Period of repurchases:               From September 1, 2024 to September 17, 2024
 (5).  Method of repurchases:               Purchased on the Tokyo Stock Exchange

 

2.    Results of the Share Repurchases:

 (1).  Class of shares repurchased         Common stock
 (2).  Aggregate repurchased amount        499,999,765,400 yen
 (3).  Total number of shares repurchased  156,627,000 shares
 (4).  Period of repurchases               From February 7, 2024 to September 17, 2024
 (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                     156,627,000 shares

                                                            (3.7% of the total number of shares outstanding)
 (3).  Number of shares outstanding after the cancellation  4,022,391,153 shares
 (4).  Date of cancellation                                 October 31, 2024

 

 

(References)

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

February 6, 2024:

 (1).  Class of shares to be repurchased         Common stock
 (2).  Aggregate repurchase amount               Up to 500 billion yen

                                                 (Represents about 5% of the total number of outstanding shares (excluding
                                                 treasury

                                                 stock) based on the closing price on

                                                 February 5, 2024)
 (3).  Total number of shares to be repurchased  Up to 417 million shares

                                                 (Represents up to 10% of the total number of outstanding shares (excluding
                                                 treasury

                                                 stock))
 (4).  Planned period for repurchase             From February 7, 2024 to September 30, 2024
 (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 February 6, 2024:

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

 

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