National Storage Mechanism | Additional information
RNS Number : 0762Y
Mitsubishi Corporation
02 September 2022
 

Translation of report filed with the Tokyo Stock Exchange on September 2, 2022

 

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 10, 2022. Details are described below.

 

1.    Share repurchases from September 1, 2022 to September 1, 2022

(1).

Class of shares repurchased:

Common stock

(2).

Total number of shares repurchased:

700 shares

(3).

Aggregate repurchased amount:

3,153,000 yen

(4).

Period of repurchases:

From September 1, 2022 to

September 1, 2022

(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

16,578,000 shares

(3).

Aggregate repurchased amount

69,999,918,000 yen

(4).

Period of repurchases

May 11, 2022 to September 1, 2022

(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

11,578,000 shares

(0.8% of the total number of shares outstanding)

(3).

Number of shares outstanding after the cancellation

1,474,145,351 shares

(4).

Date of cancellation

September 30, 2022



 

(References)

1.    Details of share repurchase resolved at the meeting of MC's Board of Directors held on
May 10, 2022:

(1).

Class of shares to be repurchased

Common stock

(2).

Total number of shares to be repurchased

Up to 23 million shares

(Represents up to 1.5% of the total number of outstanding shares (excluding treasury stock))

(3).

Total purchase price for repurchase of shares

Up to 70 billion yen

(4).

Period of repurchases

May 11, 2022 to September 11, 2022

(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 10, 2022:

(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

September 30, 2022

 

 

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