2017
Notice of Share Repurchase Through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)
Announced: Feb. 20, 2017
Published: Feb. 21, 2017
Name of listed company: Toyo Ink SC Holdings Co., Ltd.
Representative: Katsumi Kitagawa, President and Representative Director
Stock Code: 4634, Tokyo Stock Exchange First Section
Inquiries: Hiroya Aoyama, Senior Managing Director, CFO
Tel: +81-3-3272-5731
(Acquisition of treasury stock through the Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) in accordance with the provisions of the Company’s Articles of Incorporation, as stipulated in Article165 (2) of the Companies Act)
Toyo Ink SC Holdings Co., Ltd. (the “Company”) announces that it has decided to implement the repurchase of shares of its common stock by a specific method, which was authorized by a resolution passed at a meeting of its Board of Directors held on February 20, 2017, pursuant to the provisions of Article 156 of the Companies Act of Japan as applied pursuant to the provisions of Article 165, Paragraph 3 of the same Act, as follows.
(1) Reason for Stock Repurchase
To enable the flexible implementation of the Company’s capital policy in response to changes in the management environment.
(2) Method of Repurchase
The Company will entrust the repurchase through the Off-Auction Own Share Repurchase Trading System (ToSTNet-3) of the Tokyo Stock Exchange at 8:45 a.m. on February 21, 2017 at a price of 555 yen, the closing price (including final special quotes) of the Company’s stock as of February 20, 2017 (no change to other trading systems or trading time shall be made).
The purchase order shall be valid only at the trading time specified above.
(3) Details of Repurchase
| (1) Class of shares to be repurchased |
Shares of common stock of the Company |
| (2) Total number of shares to be repurchased |
Up to 3,919,000 shares
(Ratio to the number of outstanding shares (excluding own shares): 1.32%) |
| (3) Aggregate amount of repurchase price |
Up to 2,175,045,000 yen |
| (4) Announcement of result of repurchase |
The results of share repurchase will be announced after completion of the transaction at 8:45 a.m. |
- (Note 1)The number of shares to be repurchased shall not be changed. All or some of the shares may not be repurchased due to market conditions, etc.
- (Note 2)The purchase shall be made for the sell orders corresponding to the number of shares to be repurchased.
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Update: Feb. 21, 2017
