Kansai Paint : Notice Concerning the Status of Acquisition of Own Shares
March 04, 2024 at 02:04 am EST
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(This document is a summary English translation of the original Japanese document. If there are any discrepancies between this document and the original Japanese document, the original Japanese document prevails.)
4 March 2024
To whom it may concern:
Company Name: Kansai Paint Co., Ltd.
Representative: MORI Kunishi, Representative Director of the Board, President
(Code number: 4613, Tokyo Stock Exchange Prime Market)
Notice Concerning the Status of Acquisition of Own Shares
(Acquisition of treasury stock pursuant to the provisions of the Articles of Incorporation per Article 165,
Paragraph (2) of the Companies Act)
Kansai Paint Co., Ltd. (the "Company") hereby announces that the status of following matters related to the acquisition of own shares pursuant to the Article 156 of the Companies Act as applied mutatis mutandis to the provisions of Article 165, paragraph (3) of the same Act at a meeting of the Board of Directors held on 21 February 2024.
Matters regarding Repurchase
1.
Class of shares Repurchased
Common stock
2.
Total Number of shares
15,170,100 shares
Repurchased
3.
Total Repurchase Price of
¥34,980,748,700
shares
4.
Repurchase Date
From 22 February 2024 to 29 February 2024
5.
Repurchase Method
Market purchase (including purchases through an off-auction own share
purchase transaction (ToSTNeT-3)) at the Tokyo Stock Exchange
(Reference)
1. Resolution of the Board of Directors held on 21 February 2024 regarding Repurchase of Shares
(1)
Class of shares to be
Common stock
Repurchased
(2)
Total Number of shares which
Up to 20,000,000 shares
may be Repurchased
(8.78% of the total issued shares (excluding treasury stock))
(3)
Total Repurchase Price of
Up to ¥40 billion
Shares
(4)
Repurchased period
From 22 February 2024 to 21 February 2025
(5)
Repurchase Method
Market purchase (including purchases through an off-auction own share
purchase transaction (ToSTNeT-3)) at the Tokyo Stock Exchange
2. Cumulative Number of Shares Repurchased pursuant to Resolution of the Board of Directors referred to above (As of 29 February 2024)
(1)
Total number of shares
15,170,100 shares
Repurchased
(2)
Total Repurchase price of
¥34,980,748,700
shares
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Kansai Paint Co. Ltd. published this content on
04 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
04 March 2024 07:04:02 UTC.
KANSAI PAINT CO., LTD. is a paint manufacturing company. The Company has five reporting segments, including Japan, India, Asia, Africa and Europe. The Company involves in the manufacture and sale of automobile paints, industrial paints, construction paints, heavy-duty coating paints, vessel paints and housing paints among others.