Matsushita Electric Executes Own Share Repurchase.OSAKA Osaka (ō`säkä), city (1990 pop. 2,623,801), capital of Osaka prefecture, S Honshu, Japan, on Osaka Bay, at the mouth of the Yodo River. , Japan -- Matsushita Electric Industrial Co., Ltd. (MEI [NYSE NYSE See: New York Stock Exchange symbol: MC]), best known for its Panasonic
Details of the share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. are as follows: 1. Class of shares: Common stock 2. Period of repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. : Between February 2, 2007 and February 21, 2007 3. Aggregate number of shares repurchased: 8,394,000 shares 4. Aggregate repurchase amount: 19,998,485,000 yen 5. Method of repurchase: Shares were repurchased on the Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. (Reference 1) 1) The following details were resolved at the Board of Directors meeting held on February 1, 2007: * Class of shares: Common stock * Aggregate number of repurchasable shares: Up to 25 million shares * Aggregate repurchase amount: Up to 50 billion yen 2) Cumulative total of shares repurchased since the February 1, 2007 Board of Directors resolution through today: * Aggregate number of shares repurchased: 8,394,000 shares * Aggregate repurchase amount: 19,998,485,000 yen 3) Cumulative total of shares repurchased since April 28, 2006 through today: * Aggregate number of shares repurchased: 49,390,000 shares * Aggregate repurchase amount: 119,990,355,000 yen (Reference 2) The number of shares issued and treasury stock as of December 31, 2006: * Total number of shares issued (excluding treasury stock): 2,171,855,027 shares * Treasury stock: 281,198,470 shares |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion