REG-Mitsui & Co Ltd Notification of Progress on Stock Repurchase

Mitsui & CoAnnouncement

01/06/2020 07:00

Notification of Progress on Stock Repurchase

 

This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note Programme.

June 1, 2020

 

For Immediate Release

To whom it may concern

Mitsui & Co., Ltd.

 

Notification of Progress on Stock Repurchase

 

At the meeting of the Board of Directors held on March 4, 2020, Mitsui & Co., Ltd. (“Mitsui”) resolved to repurchase its stock in accordance with Article 156 and Article 165(3) of the Companies Act of Japan. Mitsui reports progress on stock repurchase with the following details:


Progress on stock repurchase until May 31, 2020


Class of share: Common stock of Mitsui


Number of shares repurchased: 7,687,300shares


Cost of acquisition: 12,202,922,636yen


Period: From May 1, 2020 to May 31, 2020





Accumulated total of stock repurchase until May 31, 2020 pursuant to the above resolution


Number of shares repurchased: 22,839,900shares


Cost of acquisition:  34,790,996,681yen




[Reference]

Details of stock repurchase resolved at the meeting of the Board of Directors held on March 4, 2020.


Class of share: Common stock of Mitsui


Total number of shares of common stock to be repurchased: Up to 30,000,000 shares

(1.8% of the total number of shares of common stock outstanding excluding treasury stock)


Total amount: Up to 50,000,000,000 yen


Period: From March 9, 2020 to June 23, 2020


Repurchase method: Auction market on Tokyo Stock Exchange


 

For further information, please contact:

Mitsui & Co., Ltd.

Investor Relations Division Tel: +81-3-3285-7657

Corporate Communications Division Tel: +81-3-3285-7618

 

Notice:

This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements. This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.
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Mitsui & Co Ltd