Notice regarding Repurchase and Cancellation of Own Shares
May 12, 2022
Company name: Mitsubishi Gas Chemical Company, Inc.
Representative: Masashi Fujii, Representative Director & President
Securities code: 4182 (The Prime Market of the Tokyo Stock Exchange)
Contact: Satoshi Takizawa, Manager, IR Group
TEL: 03-3283-5041
Notice regarding Repurchase and Cancellation of Own Shares
At a board meeting held today, the directors of Mitsubishi Gas Chemical Company, Inc. ("MGC") resolved to repurchase own shares, pursuant to Article 459, Section 1 of the Company Law and t o cancel a part of its own shares pursuant to the provision of Article 178 of the Company Law.
1. Reasons for Repurchase and Cancellation of Own Shares
MGC will repurchase and cancel its own shares in order to enhance shareholder returns, improve capital efficiency and conduct capital management flexibly.
2. Outline of Repurchase
| Type of shares to be repurchased: | Ordinary shares of MGC |
|---|---|
| Aggregate number of shares to be repurchased: | Maximum of 3,500,000 shares (Representing 1.68% of the total number of issued shares (excluding treasury shares)) |
| Aggregate amount of repurchase price: | Up to JPY 8,000,000,000 |
| Repurchase period: | From May 13, 2022 to July 29, 2022 |
| Repurchase method: | Market purchases method |
3. Outline of Cancellation
| Type of shares to be cancelled | Ordinary shares of MGC |
|---|---|
| Number of shares to be cancelled | 3,500,000 shares (Representing 1.55% of the total number of issued shares ) |
| Number of shares after the cancellation | 222,239,199 |
| Scheduled cancellation date | July 29, 2022 |
For reference
Own shares held by as of Mar 31, 2022
- Number of shares outstanding (excluding own shares): 208,045,526 shares
- Number of own shares: 17,693,673 shares
END
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