{"id":390187,"date":"2020-12-01T01:33:09","date_gmt":"2020-12-01T06:33:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=390187"},"modified":"2020-12-01T01:33:09","modified_gmt":"2020-12-01T06:33:09","slug":"nidec-announces-the-status-of-own-share-repurchase-10","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nidec-announces-the-status-of-own-share-repurchase-10\/","title":{"rendered":"Nidec Announces the Status of Own Share Repurchase"},"content":{"rendered":"

\n(Repurchase of own shares, pursuant to the Company\u2019s Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan)
\n<\/h2>\n
\n

KYOTO, Japan, Dec. 01, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the \u201cCompany\u201d) today announced the status of the Company\u2019s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 23, 2020, and February 8, 2020, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.<\/p>\n

Details are as follows:<\/p>\n

\n Details of Share Repurchase \u3000<\/strong>
\n
1. Period of own share repurchase: From November 1, 2020 through November 30, 2020
2. Class of shares: Common stock
3. Number of own shares repurchased: 0
4. Total repurchase amount: 0 yen<\/p>\n

Note: The above repurchase information has been prepared on the basis of trade date.<\/p>\n

\n Reference<\/strong>
\n
A)\u00a0The following details were resolved by the Company\u2019s Board of Directors on January 23, 2020 and February 8, 2020:
1. Class of shares: Common stock
2. Total number of shares that may be repurchased: Up to 8,000,000 shares\u3000
\u00a0 \u00a0 (1.36% of total number of shares issued, excluding treasury stock)
3. Total repurchasable amount: 50 billion yen
4. Period of repurchase: From January 24, 2020 through January 22, 2021<\/p>\n

B) Total number and yen amount of own shares repurchased from January 24, 2020 through November 30, 2020, pursuant to the Board of Directors resolution above:
1. Total number of own shares repurchased: 2,850,200
2. Total repurchase amount: 18,527,768,000 yen<\/p>\n\n\n\n\n\n\n\n
Contact:<\/td>\n<\/tr>\n
Masahiro Nagayasu<\/td>\n<\/tr>\n
General Manager<\/td>\n<\/tr>\n
Investor Relations<\/td>\n<\/tr>\n
+81-75-935-6140<\/td>\n<\/tr>\n
\n
\n ir@nidec.com<\/u>
\n <\/a>\n <\/td>\n<\/tr>\n<\/table>\n

\u00a0<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

(Repurchase of own shares, pursuant to the Company\u2019s Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan) KYOTO, Japan, Dec. 01, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the \u201cCompany\u201d) today announced the status of the Company\u2019s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 23, 2020, and February 8, 2020, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan. Details are as follows: Details of Share Repurchase \u3000 1. Period of own share repurchase: From November 1, 2020 through November 30, 2020 2. Class of shares: Common stock 3. Number of … <\/p>\n

Continue reading “Nidec Announces the Status of Own Share Repurchase”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-390187","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNidec Announces the Status of Own Share Repurchase - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nidec-announces-the-status-of-own-share-repurchase-10\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nidec Announces the Status of Own Share Repurchase - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"(Repurchase of own shares, pursuant to the Company\u2019s Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan) KYOTO, Japan, Dec. 01, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the \u201cCompany\u201d) today announced the status of the Company\u2019s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 23, 2020, and February 8, 2020, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan. 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