OMRON Announces Reacquisition of Stock through Osaka Securities Exchange's J-NET.Kyoto, Japan, Aug 9, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - OMRON Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 6645; ADR ADR - Astra Digital Radio : OMRNY), a global leader in automation, sensing and control technology, has decided at a board of directors meeting held on August 9, 2006, to reacquire shares of the Company's stock, pursuant to Article 156 of the Corporate Law of Japan. The details are outlined below. 1. Method of reacquisition Purchased through Osaka Securities Exchange's J-NET at 8:45 am. (Changes to other transaction methods or other transaction times shall not be made). i.) Price for each share: 2,675 yen per share (closing price on August 9, 2006) ii.) Date of reacquisition: August 10, 2006 2. Contents of reacquisition i.) Type of shares to be reacquired: Common shares of Omron Stock ii.) Number of shares to be reacquired: 4.2 million shares 3. Announcement of results Results will be announced after the reacquisition is completed at 8:45 am on August 10, 2006 Notes 1. The number of shares to be reacquired will not be changed. However, there is a possibility that a part or all of such shares may not be repurchased due to market conditions, etc. 2. 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. of shares will be made based on the sales order The sales order, sometimes abbreviated as SO, is an order received by a business from a customer. A sales order may be for products and/or services. Given the wide variety of businesses, this means that the orders can be fulfilled in several ways. corresponding to the proposed number of the shares to be repurchased. Reference 1. Resolutions made at the annual meeting of shareholders on June 22, 2006 i.) Type of shares to be reacquired: Common shares of Omron Stock ii.) Number of shares to be reacquired: Up to 4.2 million shares iii.)Total cost of shares to be reacquired: Up to JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 15 billion 2. Progress as of August 9, 2006 present. i.) Number of shares reacquired: none ii.) Total cost of shares reacquired: none About OMRON Headquartered in Kyoto, Japan, OMRON Corporation is a global leader in the field of automation. Established in 1933 and headed by President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Hisao Sakuta, OMRON has more than 26,000 employees in over 35 countries working to provide products and services to customers in a variety of fields including industrial automation, electronic components, social systems (ticket gate machines, ticket vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. , and traffic control), and healthcare. The company is divided into five regions and head offices are in Japan (Kyoto), Asia Pacific (Singapore), China (Shanghai), Europe (Amsterdam) and US (Chicago). For more information, visit OMRON's website at www.omron.com Source: OMRON Contact: OMRON Corporation Yutaka Fujiwara, Senior General Manager Finance and Investor Relations Headquarters Phone: +81-3-3-3436-7170 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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