Ushio : Notice Concerning Purchase of Treasury Stock
May 14, 2024 at 03:42 am EDT
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USHIO INC. announced today that, at the meeting of the board of directors held on May 14, 2024, a resolution was passed to repurchase its own shares pursuant to the provisions of Article 156 of the Companies Act, as applied mutatis mutandis pursuant to the provisions of Article 165, Paragraph 3 of the Companies Act.
Such resolution is conditional upon the 61st fiscal year financial statements to be approved at a meeting of the Board of Directors to be held on May 23, 2024 falling under all of the items of Article 135 of the Regulations on Corporate Accounting and the distributable amount in such financial statements exceeding the total acquisition price of the shares described below.
For detailed information, please refer to this document (PDF:90KB)
For further information, please contact:
Ushio Inc. Investor Relations TEL: +81-3-5657-1007/ FAX: +81-3-5657-1020
E-Mail: ir@ushio.co.jp
Please use the online inquiry form on our website.
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USHIO INC. is a company primarily engaged in the manufacture and sale of light source products, equipment and industrial equipment. The Company operates in two business segments. The Light Source segment manufactures and sells halogen lamps, xenon lamps, high-pressure ultraviolet (UV) lamps and excimer lamps. The Equipment segment manufactures and sells projectors for movie theaters and related equipment, ultraviolet curable equipment, various lighting equipment, excimer-related equipment. The Company is also involved in the manufacture and sale of injection molding machines, food packaging machines and audio equipment, the holding and management of subsidiaries, as well as the agency of insurance.