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Press Release
Notice Regarding Purchase of Treasury Stock and Retirement of Treasury Stock
Oct 30, 2014

SEKISUI CHEMICAL CO., LTD

(Acquisition of treasury stock pursuant to the provisions of the Articles of Incorporation based on the provisions of Article 165, Item 2 of the Corporate Law and retirement of treasury stock in accordance with Article 178 of the Corporate Law)

 

Sekisui Chemical Co., Ltd. announces that it has decided at the meeting of its board of directors held on October 30, 2014 to purchase treasury stock pursuant to the provisions of Article156 of the Corporate Law after applying the provisions of Article 165, Item 3 of the Law and to retire the treasury stock, under the provisions of Article 178 of the Corporate Law.

 

1. Reasons for the acquisition and retirement of treasury stock

 To improve capital efficiency, and to allow flexible capital policies corresponding to changes in the business environment

 

2. Details of the acquisition

 1) Type of shares to be acquired: Common shares of Sekisui Chemical

 2) Total number of shares to be acquired: Up to 12,000,000 shares
     (Rate of the maximum shares to be acquired to the total outstanding shares: 2.35%) 

 3) Total acquisition cost: ¥15 billion yen (maximum)

 4) Acquisition period: From November 4, 2014 to December 19, 2014

 

3. Details of the retirement

 1) Type of stocks to be retired: Common shares of Sekisui Chemical

 2) Number of stocks to be retired: 12,000,000 shares (2.25% of issued shares before the retirement)

 3) Total number of shares issued after the retirement: 520,507,285 shares

 4) Scheduled date of retirement: December 25, 2014

 

(Reference) Number of treasury stocks as of September 30, 2014

 Total number of shares issued (excluding treasury stock): 510,088,735
 Treasury stocks: 22,418,550

 

Press Contact

SEKISUI CHEMICAL CO., LTD.
Corporate Communication Department, Public Relations Group
Fax: +81-(0)3-5521-0510


Disclaimer

This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.
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