OMRON Reacquisition of Company Stock.Kyoto, Japan, May 12, 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; US: OMRNY) resolved at a meeting of its Board of Directors today (May 12, 2006) to make a proposal for authorization The right or permission to use a system resource; the process of granting access. See access control. to reacquire shares of the Company's stock, pursuant to Article 156 of the Corporate Law of Japan. The proposal, which will be placed on the agenda of its ordinary general meeting of shareholders to be held on June 22, 2006, is as follows. 1. Reason for Reacquisition of Shares Omron will reacquire shares in order to facilitate flexible management in response to changes in economic conditions. 2. Details of Reacquisition (1) Type of shares to be reacquired: Common shares of Omron stock (2) Number of shares to be reacquired: 4.2 million (maximum)(approximately 1.7% of total outstanding shares) (3) Total cost of shares to be reacquired: 15 billion yen (maximum) (4) Period of time to reacquire shares: Within 1 year of after the ordinary general meeting of shareholders scheduled held on June 22, 2006 or by the next ordinary general meeting of shareholders, whichever comes first. Note: The above details are contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent approval of the "Proposal for Reacquisition of Shares" at the Ordinary General Meeting of Shareholders to be held on June 22, 2006. 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 Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. ), Europe (Amsterdam) and US (Chicago). For more information, visit OMRON's website at www.omron.com Source: OMRON Contact: OMRON Corporation Corporate Brand Communications Department James Seddon (james_seddon@omron.co.jp) Takayuki Nakamura takayuki_nakamura@omron.co.jp) Telephone: +81-3-3436-7202 Facsimile: +81-3-3436-7029 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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