Matsushita to Execute 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. (NYSE NYSE See: New York Stock Exchange symbol: MC), best known for its Panasonic
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. its own shares, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
1. Reason for Share Repurchase
This resolution is a part of continuing efforts to enhance
shareholder value per share and profitability of capital.
2. Details of Share Repurchase
1) Class of shares: Common stock
2) Aggregate number of repurchasable shares: Up to 25 million
shares (1.0 % of the total number of shares issued)
3) Aggregate repurchase amount: Up to 50 billion yen
4) Period of repurchase: From February 2, 2007 to March 30, 2007
(Reference)
Total 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
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