2017
Feb.13, 2017
MINEBEA MITSUMI Inc.
Notice regarding Repurchase of Own Shares
(Repurchase of Own Shares pursuant to Section 2 of Article 165 of the Company Law)
MINEBEA MITSUMI Inc. hereby announces that its Board of Directors has resolved at a meeting held on February 13, 2017 to repurchase its own shares pursuant to Article 156 of the Company Law in accordance with Section 3 of Article 165 of the Law.
1. Reason for Repurchase
In order to reduce the dilution of our shares resulting from a share exchange related to the business integration with MITSUMI ELECTRIC CO., LTD.
2. Details of Repurchase
| (1) Type of shares to be repurchased: | Shares of common stock of MINEBEA MITSUMI Inc. |
|---|---|
| (2) Aggregate number of shares to be repurchased: | Up to a maximum of 12 million shares (Ratio of aggregate number of shares to be repurchased to number of shares outstanding (excluding treasury shares): 2.82%) |
| (3) Aggregate amount of repurchase: | Up to a maximum of 15 billion yen |
| (4) Period of repurchase: | From February 14, 2017 to September 22, 2017 |
| Number of shares outstanding (excluding treasury shares): | 426,084,531 shares |
|---|---|
| Number of treasury shares: | 996,075 shares |
| Company Name: | MINEBEA MITSUMI Inc. |
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No.1) |
| Contact: | Takayuki Ishikawa General Manager Corporate Communications Office |
| Tel: | +81-(0)3-6758-6703 |
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
Product information, contact and other context are subject to change without prior notice.
