Translation of report filed with the Tokyo Stock Exchange on May 1, 2020
Notification of Completion of Share Repurchase and Number of Shares of
Treasury Stock to be Cancelled
Mitsubishi Corporation (MC) hereby announces the completion of its share repurchase pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Paragraph 3, Article 165 of the same act, as well as the total number of shares of treasury stock to be cancelled in accordance with Article 178 of the same act. These resolutions were reached at the meeting of MC's Board of Directors held on May 9, 2019. Details are described below.
1. Share repurchases from April 1, 2020 to April 30, 2020
| (1). |
Class of shares repurchased: |
Common stock |
| (2). |
Total number of shares repurchased: |
8,999,100 shares |
| (3). |
Aggregate repurchased amount: |
19,772,845,100 yen |
| (4). |
Period of repurchases: |
From April 1, 2020 to April 30, 2020 |
| (5). |
Method of repurchases: |
Purchased on the Tokyo Stock Exchange |
2. Results of the Share Repurchases:
| (1). |
Class of shares repurchased |
Common stock |
| (2). |
Total number of shares repurchased |
109,353,500 shares |
| (3). |
Aggregate repurchased amount |
299,999,993,400 yen |
| (4). |
Period of repurchases |
May 10, 2019 to April 30, 2020 |
| (5). |
Method of repurchases |
Purchase on the Tokyo Stock Exchange |
3. Details of the Cancellation of Treasury Stock:
| (1). |
Class of shares to be cancelled |
Common Stock |
| (2). |
Number of shares to be cancelled |
104,353,500 shares (6.6% of the total number of shares outstanding) |
| (3). |
Number of shares outstanding after the cancellation |
1,485,723,351 shares |
| (4). |
Date of cancellation |
May 29, 2020 |
(References)
1. Details of share repurchase resolved at the meeting of MC's Board of Directors held on
May 9, 2019:
| (1). |
Class of shares to be repurchased |
Common stock |
| (2). |
Total number of shares to be repurchased |
Up to 120 million shares (Represents up to 7.5% of the total number of outstanding shares (excluding treasury stock)) |
| (3). |
Total purchase price for repurchase of shares |
Up to 300 billion yen |
| (4). |
Period of repurchases |
May 10, 2019 to May 8, 2020 |
| (5). |
Method of repurchases |
Purchase on the Tokyo Stock Exchange |
2. Details of cancellation of shares of treasury stock resolved at the meeting of MC's Board of Directors held on May 9, 2019:
| (1). |
Class of shares to be cancelled |
Common Stock |
| (2). |
Number of shares to be cancelled |
All shares repurchased, excluding those to be delivered upon exercises of stock options (5 million shares) |
| (3). |
Date of cancellation |
May 29, 2020 |