Autobacs Seven Announces Interim Results of Acquisition of Own Shares
OREANDA-NEWS. August 21, 2012. AUTOBACS SEVEN Co., Ltd. (“the Company,” Representative Director and Chief Executive Officer: Setsuo Wakuda), announces the 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. The Company finished the share buyback scheme based on the resolution at the meeting of its Board of Directors on May 10, 2012.
1. Period of acquisition: From August 1, 2012 through August 8, 2012
2. Total number of shares acquired: 20,000 shares
3. Total cost of acquisition: 73,341,500 yen
4. Method of acquisition: Purchased on the Osaka Securities Exchange market through a trust bank
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 August 8, 2012)
1) Total number of shares acquired: 1,800,196 shares
2) Total cost of acquisition: 7,193,047,000 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 August 8, 2012
1) Number of treasury stock shares: 1,800,196 shares (excluding odd-lot shares purchased directly from shareholders in August 2012)
2) Total number of outstanding shares: 32,650,035 shares
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