Yamaichi Electronics : Notice of Decision on Matters Concerning Purchase of Treasury Shares
May 17, 2024 at 02:11 am EDT
Share
YAMAICHI ELECTRONICS CO., LTD.
Stock listing: Tokyo Stock Exchange - Prime Market
Code: 6941
President: Junichi Kameya
Managing Director: Kazuhiro Matsuda
Tel: +81-3-3734-0115
May 14, 2024
Notice of Decision on Matters Concerning Purchase of Treasury Shares
(Purchase of treasury shares under the provisions of the Articles of
Incorporation pursuant to Article 165, paragraph 2 of the Companies Act)
We hereby announce that the Board of Directors, at a meeting held on May 14, 2024, resolved matters relating to the purchase of treasury shares pursuant to Article 156 of the Companies Act as applied pursuant to Article 165, paragraph 3 of the said Act. Details are as follows:
1. Reason for purchase of treasury shares
To enhance shareholder returns by implementing agile capital policies that respond to business environment changes and improve capital efficiency.
2. Details of matters relating to the purchase
Type of shares to be acquired: Common shares of the Company
Total number of shares to be acquired: 500,000 (maximum)
(Ratio to the total number of shares issued (excluding treasury shares): 2.44%)
Total purchase amount: 1,000,000,000 yen (maximum)
Purchase period: From June 1, 2024 to December 31, 2024
Method of the purchase: Market purchase at the Tokyo Stock Exchange
Reference
Ownership of treasury shares as of March 31, 2024
Total number of shares issued and outstanding (excluding treasury shares): 20,443,377
Number of treasury shares: 1,386,398
Attachments
Original Link
Original Document
Permalink
Disclaimer
YAMAICHI Electronics Co. Ltd. published this content on
17 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
17 May 2024 06:10:34 UTC.
YAMAICHI ELECTRONICS CO., LTD. is mainly engaged in the manufacture and sale of integrated circuit (IC) sockets and structure components. The Test Solution segment is involved in the provision of burn-in sockets, test sockets, probe pins, probe cards, as well as semiconductor test-related services. The Connector Solution segment is involved in the provision of various connectors and IC sockets for mounting use. The Optical-related segment offers filter products for optical equipment and optical communications. The Electronics Manufacturing Service (EMS) segment is engaged in the manufacture and sale of liquid-crystal-related components, as well as the assembling of printed boards for hard disc drives(HDD) and printers.