February 13, 2017
To whom it may concern:
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 |
Phone: | +81-(0)3-6758-6703 |
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 |
(Reference) Situation of treasury shares as of January 31, 2017: | |
Number of shares outstanding | |
(excluding treasury shares): | 426,084,531 shares |
Number of treasury shares: | 996,075 shares |