AUTOBACS SEVEN Announces Results of Purchase of Own Shares
OREANDA-NEWS. AUTOBACS SEVEN Co., Ltd. announced that in connection with the Company's announcement issued on May 26, 2014, the Company purchased its own shares through the Tokyo Stock Exchange's ToSTNeT-3 as described below.
1. Reason for purchase of the Company's own shares: To improve capital efficiency and enhance shareholder returns
2. Type of shares purchased: Shares of common stock of the Company
3. Total number of shares purchased: 2,028,200 shares
4. Total purchase price of shares: 3,421,573,400 yen
5. Purchase date: May 27, 2014 (Tuesday)
6. Method of purchase: Purchase through the Tokyo Stock Exchange's ToSTNeT-3
(Reference) Details of the Board's resolution on the share purchase (announced on May 8, 2014)
- Type of shares to be purchased - Shares of common stock of the Company
- Aggregate number of shares to be purchased - Up to 3,000,000 shares
- Aggregate purchase price of shares - Up to JPY 5,400,000,000
- Progress as of May 27, 2014:
Total number of shares purchased 2,028,200 shares
Total purchase price of shares 3,421,573,400 yen.
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