Hitachi Completed to Repurchase of its Own Shares
OREANDA-NEWS. Hitachi, Ltd. today announced that it repurchased its own shares pursuant to its Articles of Incorporation in accordance with Article 459, paragraph 1 of the Companies Act of Japan. Hitachi completed to repurchase of its own shares pursuant to the resolution of the Board of Directors on February 4, 2014.
1. Class of shares repurchased: Common stock of Hitachi, Ltd.
2. Aggregate number of shares repurchased: 5,000,000 shares
3. Aggregate amount of repurchase: 4,002,977,000 yen
4. Period of repurchase: From February 10, 2014 to February 12, 2014
5. Method of repurchase: Purchase at market
(Reference)
The resolution of the Board of Directors on February 4, 2014
1. Class of shares to be repurchased: Common stock of Hitachi, Ltd.
2. Aggregate number of shares to be repurchased: Up to 5 million shares (0.10% of the number of outstanding shares (excluding treasury stocks))
3. Aggregate amount of repurchase: Up to 5,000 million yen
4. Period of repurchase: From February 5, 2014 to March 31, 2014
5. Method of repurchase: Purchase at market
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