Notice regarding Repurchase and Cancellation of Own Shares
November 8, 2023
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, General Manager, IR Department
TEL: +81-3-3283-5041
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 to 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 5,000,000 shares |
|
Aggregate amount of repurchase price |
Up to JPY 10,000,000,000 |
|
Repurchase period |
From November 9, 2023 to January 31, 2024 |
|
Repurchase method |
Market purchases method |
3. Outline of Cancellation
|
Type of shares to be cancelled |
Ordinary shares of MGC |
|
Aggregate number of shares to be cancelled |
5,000,000 shares |
|
Aggregate number of issued shares after the cancellation |
217,239,199 |
|
Scheduled cancellation date |
January 31, 2024 |
For reference
Own shares held as of September 30, 2023
- Number of issued shares (excluding own shares): 204,610,864 shares
- Number of own shares: 17,628,335 shares
END
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