National Storage Mechanism | Additional information
RNS Number : 0911Q
Mitsubishi Corporation
16 February 2023
 

Translation of report filed with the Tokyo Stock Exchange on February 16, 2023

 

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 November 8, 2022. Details are described below.

 

1.    Share repurchases from February 1, 2023 to February 15, 2023

(1).

Class of shares repurchased:

Common stock

(2).

Total number of shares repurchased:

4,457,800 shares

(3).

Aggregate repurchased amount:

20,000,163,800 yen

(4).

Period of repurchases:

From February 1, 2023 to February 15, 2023

(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

15,843,000 shares

(3).

Aggregate repurchased amount

69,999,831,800yen

(4).

Period of repurchases

From November 9, 2022 to February 15, 2023

(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

15,843,000 shares

(1.1% of the total number of shares outstanding)

(3).

Number of shares outstanding after the cancellation

1,458,302,351 shares

(4).

Date of cancellation

March 31, 2023



 

(References)

1.    Details of share repurchase resolved at the meeting of MC's Board of Directors held on
November 8, 2022:

(1).

Class of shares to be repurchased

Common stock

(2).

Total number of shares to be repurchased

Up to 22 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

From November 9, 2022 to March 9, 2023

(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 November 8, 2022:

(1).

Class of shares to be cancelled

Common Stock

(2).

Number of shares to be cancelled

All shares repurchased

(3).

Date of cancellation

March 31, 2023

 

 

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