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TOKYO, Dec 19, 2018 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) hereby announces that pursuant to Article 156 and Article 165, Paragraph 3 of the Companies Act of Japan, SDK has repurchased its own shares, as outlined below and has completed the repurchase in accordance with the resolutions of its Board of Directors' meeting held on December 11, 2018.
Notes
(1) Class of shares repurchased: Common shares
(2) Total number of shares repurchased: 2,648,300 shares
(3) Total amount of repurchase: 9,999,901,000 yen
(4) Period of repurchase: From December 12, 2018 to December 18, 2018
(5) Method of repurchase: Market Purchase on the Tokyo Stock Exchange
(Reference)
Details of the resolutions of Board of Directors' meeting held on December 11, 2018
(1) Class of shares to be repurchased: Common shares
(2) Total number of shares to be repurchased: Up to 3.0 million shares (2.02% of total shares outstanding, excluding treasury stock)
(3) Total amount of repurchase: Up to 10 billion yen
(4) Period of repurchase: From December 12, 2018 to March 22, 2019
Contact:
Showa Denko K.K. Public Relations Office, Tel: +81-3-5470-3235.
Topic: Press release summary
Source: Showa Denko K.K.
Sectors: Chemicals, Spec.Chem
http://www.acnnewswire.com
From the Asia Corporate News Network
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