Sumitomo Corporation Executed Own-Share Repurchases
OREANDA-NEWS. Sumitomo Corporation executed own-share repurchases in accordance with the resolution of the Board of Directors' meeting held on September 26, 2013, based on the provisions of Article 156 of Japan's Companies Act, applied pursuant to Article 165, Paragraph 3 of the Act and completed the repurchases based on the above resolution of the Board of Directors' meeting.
Details:
1. Class of shares repurchased - Common shares
2. Number of shares repurchased - 3,000,000 shares
3. Total amount of repurchase - cost 3,943,903,600 yen
4. Repurchase period - October 1, 2013 - October 15, 2013
5. Method of repurchase Purchased on the Tokyo Stock Exchange
Reference:
1. Details of the resolution of the Board of Directors' meeting held on September 26, 2013
(1) Class of shares to be repurchased - Common shares
(2) Maximum of shares to be repurchased - 3,000,000 shares
(representing 0.24% of total shares outstanding (excluding treasury shares))
(3) Total amount for repurchase - Up to 5,200 million yen
(4) Period for repurchase - September 27, 2013 - October 24, 2013
2. Total number of own-shares repurchased in accordance with the above Board of
Directors' meeting resolution
(1) Total number of shares repurchased - 3,000,000 shares
(2) Total amount of repurchase - cost 3,943,903,600 yen.
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