AUTOBACS SEVEN Announces Interim Results of Acquisition of Own Shares
OREANDA-NEWS. AUTOBACS SEVEN Co., Ltd., 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 9, 2013.
1. Period of acquisition: From January 1, 2014 through January 19, 2014
2. Total number of shares acquired: 270,000 shares
3. Total cost of acquisition: 445,188,400 yen
(For reference)
1. Resolution at the meeting of its Board of Directors held on May 9, 2013
1) Type of shares to be acquired: shares of common stock of the Company
2) Aggregate number of shares to be acquired: up to 3,000,000 shares; 3.2% of total shares outstanding (excluding treasury stock)
3) Aggregate purchase price of shares: up to JPY 5,000,000,000
4) Acquisition period: from May 13, 2013 to February 20, 2014
2. Total number of shares acquired and cost of acquisition on and after the Board of Directors' meeting held on May 9, 2013(following figures are as of January 19, 2014)
1) Total number of shares acquired: 3,000,000 shares
2) Total cost of acquisition: 4,590,300,900 yen
3. Number of treasury stock held as of January 19, 2014
1) Number of treasury stock shares: 3,403,642 shares (excluding odd-lot shares purchased directly from shareholders in January 2014)
2) Total number of outstanding shares: 92,950,105 shares
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