Sekisui Chemical : Notice Regarding Purchase of Treasury Stock
January 30, 2012 at 02:57 am EST
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To whom it may concern:
January 30, 2012
SEKISUI CHEMICAL CO., LTD.
Notice Regarding Purchase of Treasury Stock
(Acquisition of treasury stock pursuant to the provisions of
the Articles of Incorporation based on the provisions of
Article 165, Item 2 of the Corporate Law)
Sekisui Chemical Co., Ltd. announces that it has decided at
the meeting of its board of directors held on
January 30, 2012 to purchase treasury stock
pursuant to the provisions of Article156 of the Corporate Law
after applying the provisions of Article 165, Item 3 of the
Law. The outline of the acquisition is described below.
1. Reasons for the Acquisition of Treasury Stock
To improve capital efficiency, and to allow flexible capital
policies corresponding to changes in the business
environment
2. Details of the acquisition
1) Type of shares to be acquired: Common shares of Sekisui
Chemical
2) Total number of shares to be acquired: Up to 7,000,000
shares
(Rate of the maximum shares to be acquired to the total
outstanding shares:1.34%)
3) Total acquisition cost: ¥5,000 million yen (maximum)
4) Acquisition period: From January 31, 2012 to February 15,
2012
(Reference)Number of treasury stocks as of December 31,
2011
Total number of shares issued (excluding treasury stock):
522,537,396
Treasury stocks: 16,969,889
Press Contact
SEKISUI CHEMICAL CO., LTD. Corporate Communication Department
Fax: (+81) 3-5521-0510
Disclaimer
This press release may contain forward-looking statements.
Such forward-looking statements are based on current
expectations and beliefs and are subject to a number of
factors and uncertainties that could cause actual results to
differ materially from those expressed or implied by such
statements due to changes in global economic, business,
competitive market and regulatory factors.
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Sekisui Chemical Co., Ltd. is a company that operates in four business segments .The Housing segment is engaged in the manufacture, construction, sale and renovation of unit housing, the sale of land for subdivision, the provision of reform services, as well as the construction and sale of interior items, exterior items and real estate. The Environment and Life Line segment offers vinyl chloride pipe and fittings, polyethylene pipe and fittings, system pipe, aqueduct/water conduit rehabilitation materials, reinforced plastic composite pipes, and building materials, among others. The High-performance Plastics segment offers intermediate films for laminated glass, foamed polyolefin, tapes, particulate for liquid crystal and sensitive materials and test drug, among others. The Others segment is engaged in the manufacture and sale of film type lithium ion battery, as well as the provision of other products and services.