Nidec Announces the Status of Own Share Repurchase

Business Wire2024-12-02

(Repurchase of own shares, pursuant to the Company’s Articles of Incorporation based on the provisions of Item 1 of Article 459 (1) of the Companies Act of Japan)

KYOTO, Japan, December 02, 2024--(BUSINESS WIRE)--Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the "Company") today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on July 23, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Details of Share Repurchase

Period of own share repurchase: From November 1, 2024 through November 30, 2024
Class of shares: Common stock
Number of own shares repurchased: 0
Total repurchase amount: 0 yen

Note: The above repurchase information has been prepared on the basis of trade date.

Reference

A) Details of the share repurchase plan authorized by the Board of Directors on July 23, 2024:

Class of shares: Common stock
Total number of shares that may be repurchased: Up to 10,000,000 shares
(0.87% of total number of shares issued, excluding treasury stock)
Total repurchasable amount: 35 billion yen
Period of repurchase: From May 27, 2024 through May 26, 2025

B) Total number and yen amount of own shares repurchased from May 27, 2024 through November 30, 2024, pursuant to the Board of Directors resolution above:

Total number of own shares repurchased: 0
Total repurchase amount: 0 yen

View source version on businesswire.com: https://www.businesswire.com/news/home/20241202171161/en/

Contacts

Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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OTC US:NJDCY) (the \"Company\") today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on July 23, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.</p>\n<p><b>Details of Share Repurchase</b></p>\n<ol>\n<li>Period of own share repurchase: From November 1, 2024 through November 30, 2024</li>\n<li>Class of shares: Common stock</li>\n<li>Number of own shares repurchased: 0</li>\n<li>Total repurchase amount: 0 yen</li>\n</ol>\n<p>Note: The above repurchase information has been prepared on the basis of trade date.</p>\n<p><b>Reference</b></p>\n<p>A) Details of the share repurchase plan authorized by the Board of Directors on July 23, 2024:</p>\n<ol>\n<li>Class of shares: Common stock</li>\n<li>Total number of shares that may be repurchased: Up to 10,000,000 shares<br/>(0.87% of total number of shares issued, excluding treasury stock)<br/></li>\n<li>Total repurchasable amount: 35 billion yen</li>\n<li>Period of repurchase: From May 27, 2024 through May 26, 2025</li>\n</ol>\n<p>B) Total number and yen amount of own shares repurchased from May 27, 2024 through November 30, 2024, pursuant to the Board of Directors resolution above:</p>\n<ol>\n<li>Total number of own shares repurchased: 0</li>\n<li>Total repurchase amount: 0 yen</li>\n</ol>\n<p><span>View source version on businesswire.com: </span><span>https://www.businesswire.com/news/home/20241202171161/en/</span></p>\n<p><b>Contacts</b></p>\n<p>Teruaki Urago<br/>General Manager<br/>Investor Relations<br/>+81-75-935-6140<br/>ir@nidec.com<br/><br/><br/><br/></p></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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