Nidec Announces the Status of Own Share Repurchase
Nidec (TOKYO: 6594; OTC US: NJDCY) reported the status of its ongoing share repurchase program approved by the Board of Directors on July 23, 2024. The company is authorized to repurchase up to 10 million shares (0.87% of total shares issued, excluding treasury stock) for a maximum amount of 35 billion yen between May 27, 2024, and May 26, 2025. For the period from October 1-31, 2024, no shares were repurchased. The total number of shares repurchased since the program's inception (May 27, 2024) remains at zero.
Nidec (TOKYO: 6594; OTC US: NJDCY) ha comunicato lo stato del suo programma di riacquisto di azioni, approvato dal Consiglio di Amministrazione il 23 luglio 2024. La società è autorizzata a riacquistare fino a 10 milioni di azioni (0,87% del totale delle azioni emesse, escluse le azioni proprie) per un importo massimo di 35 miliardi di yen nel periodo compreso tra il 27 maggio 2024 e il 26 maggio 2025. Nel periodo dal 1 al 31 ottobre 2024, non sono state riacquistate azioni. Il numero totale di azioni riacquistate dall'inizio del programma (27 maggio 2024) rimane a zero.
Nidec (TOKYO: 6594; OTC US: NJDCY) informó sobre el estado de su programa de recompra de acciones, aprobado por la Junta Directiva el 23 de julio de 2024. La compañía está autorizada a recomprar hasta 10 millones de acciones (0.87% del total de acciones emitidas, excluyendo las acciones en tesorería) por un monto máximo de 35 mil millones de yenes entre el 27 de mayo de 2024 y el 26 de mayo de 2025. Durante el periodo del 1 al 31 de octubre de 2024, no se compraron acciones. El número total de acciones recompradas desde el inicio del programa (27 de mayo de 2024) permanece en cero.
Nidec (TOKYO: 6594; OTC US: NJDCY)는 2024년 7월 23일 이사회에서 승인된 지속적인 자사주 매입 프로그램의 현황을 보고했습니다. 회사는 1천만 주 (발행된 총 주식의 0.87%, 자사주 제외)를 최대 350억 엔에 구매할 수 있는 권한을 받았으며, 기간은 2024년 5월 27일부터 2025년 5월 26일까지입니다. 2024년 10월 1일부터 31일까지의 기간 동안 주식이 매입되지 않았습니다. 프로그램 시작 이후 총 매입된 주식 수(2024년 5월 27일 기준)는 여전히 제로입니다.
Nidec (TOKYO: 6594; OTC US: NJDCY) a rapporté l'état de son programme de rachat d'actions en cours, approuvé par le conseil d'administration le 23 juillet 2024. La société est autorisée à racheter jusqu'à 10 millions d'actions (0,87 % du total des actions émises, hors actions propres) pour un montant maximum de 35 milliards de yens entre le 27 mai 2024 et le 26 mai 2025. Pour la période du 1er au 31 octobre 2024, aucune action n'a été rachetée. Le nombre total d'actions rachetées depuis le début du programme (27 mai 2024) reste à zéro.
Nidec (TOKYO: 6594; OTC US: NJDCY) berichtete über den Stand seines laufenden Aktienrückkaufprogramms, das am 23. Juli 2024 vom Vorstand genehmigt wurde. Das Unternehmen ist autorisiert, bis zu 10 Millionen Aktien (0,87% der insgesamt emittierten Aktien, ausgenommen eigene Aktien) für einen Höchstbetrag von 35 Milliarden Yen im Zeitraum vom 27. Mai 2024 bis zum 26. Mai 2025 zurückzukaufen. Im Zeitraum vom 1. bis 31. Oktober 2024 wurden keine Aktien zurückgekauft. Die Gesamtzahl der seit Beginn des Programms (27. Mai 2024) zurückgekauften Aktien bleibt bei Null.
- Board authorization for substantial share buyback of up to 35 billion yen
- Potential repurchase of up to 0.87% of outstanding shares indicates confidence in company value
- No shares repurchased since program inception in May 2024
- Lack of execution on announced buyback program might indicate timing or pricing concerns
(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
Details of Share Repurchase
- Period of own share repurchase: From October 1, 2024 through October 31, 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 October 31, 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/20241031722784/en/
Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Source: NIDEC CORPORATION
FAQ
How many shares can Nidec (NJDCY) repurchase under its current buyback program?
What is the maximum amount authorized for Nidec's (NJDCY) share repurchase program?
When does Nidec's (NJDCY) current share repurchase program expire?
How many shares has Nidec (NJDCY) repurchased under the current program as of October 31, 2024?
