Mitsubishi Electric Announces Status and Conclusion of Company Stock Repurchase
MITSUBISHI ELEC UNSP/ADR (MIELY)
NASDAQ:AMEX Investor Relations:
mitsubishielectric.com/company/ir/index.html
Company Research
Source: Business Wire
According to Articles of Incorporation Pursuant to Article 459, Paragraph 1 of Companies Act of Japan TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the conclusion of its repurchase of company stock pursuant to the provisions of Article 459, paragraph 1 of the Companies Act, as well as Article 31 of the company’s articles of incorporation approved by the Board of Directors on August 29, 2024, as shown below.1.Type of Shares Repurchased:Common stock2.Number of Shares Repurchased:3,388,200 shares3.Aggregate Value of Shares Repurchased:JPY 8,110,663,4504.Repurchase Period:October 1, 2024 to October 9, 20245.Repurchase Method:Market trades on Tokyo Stock Exchange(For reference) 1.Details of resolution approved by the Board of Directors on August 29, 2024 (1)Type of Shares to Repurchase:Common stock (2)Number of Shares to Repurchase:20,000,000 shares (maximum unit)0.96% of issued and outstanding shares (excluding treasury stock)
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