AUTOBACS SEVEN Announces Interim Results of Acquisition of Own Shares
OREANDA-NEWS. July 02, 2012. AUTOBACS SEVEN Co., Ltd. (“the Company,” Representative Director and Chief Executive Officer: Setsuo Wakuda), announces the interim results of acquisition of its own shares, under Article 156 of the Japan’s Corporation Law, as applied pursuant to Article 165, paragraph 3 of the same law.
1. Period of acquisition: From June 1, 2012 through June 30, 2012
2. Total number of shares acquired: 220,000 shares
3. Total cost of acquisition: 875,808,500 yen
4. Method of acquisition: Purchased on the Osaka Securities Exchange market through a trust bank
(For reference)
1. Resolution at the meeting of its Board of Directors held on May 10, 2012
1) Type of shares to be acquired: shares of common stock of the Company
2) Aggregate number of shares to be acquired: up to 1,800,000 shares; 5.5% of total shares outstanding (excluding treasury stock)
3) Aggregate purchase price of shares: up to JPY 8,100,000,000
4) Acquisition period: from May 11, 2012 to December 20, 2012
2. Total number of shares acquired and cost of acquisition on and after the Board of Directors' meeting held on May 10, 2012(following figures are as of June 30, 2012)
1) Total number of shares acquired: 1,480,000 shares
2) Total cost of acquisition: 5,927,924,500 yen
Note: The above figures include own shares acquired through J-NET Market of Osaka Securities Exchange in May 14, 2012 (Total number of shares purchased: 1,000,000 shares; total purchase price of shares: 4,025,000,000 yen).
3. Number of treasury stock held as of June 30, 2012
1) Number of treasury stock shares: 1,480,000 shares (excluding odd-lot shares purchased directly from shareholders in June 2012)
2) Total number of outstanding shares: 32,650,035 shares.
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