(Share Buybacks pursuant to resolution of the Board of Directors subject to the provisions of Articles
of Incorporation and of Article 459, Paragraph 1 of Japan's Companies Act)
Tokyo, July 1, 2022-Maxell, Ltd. (TSE: 6810, hereinafter "the Company") announces about the interim progress of the share buybacks pursuant to resolution of the Board of Directors subject to the provisions of Articles of Incorporation and of Article 459, Paragraph 1 of Japan's Companies Act resolved at the Board of Directors held on May 13, 2022 as follows.
1.
Type of shares bought
Common stock
2.
Total number of shares bought
543,600 shares
3.
Total value of shares bought
720,056,100 yen
4.
Period for buyback
June 1, 2022 to June 30, 2022 (Contractual basis)
5.
Method of buyback
Market purchase on the Tokyo Stock Exchange
(Reference)
1. Details of the Share Buybacks resolved at the Board of Directors held on May 13, 2022
(1)
Type of shares to be bought
Common stock
(2)
Number of shares to be bought
5,750,000 shares (upper limit)
(11.6% of total issued shares outstanding, excluding treasury shares)
(3)
Total value of shares to be bought
5.0 billion yen (upper limit)
(4)
Period for buyback
May 16, 2022 to March 10, 2023
(5)
Method of buyback
Market purchase on the Tokyo Stock Exchange
(discretionary purchase by a brokerage firm)
(6)
Plan after buyback
Cancel all treasury shares to be bought
2. Total accumulated number of treasury shares bought based on the resolutions at the Board of Directors mentioned above (as of June 30, 2022)
(1)
Total number of shares bought
916,200 shares
(2)
Total value of shares bought
1,175,245,800 yen
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Hitachi Maxell Ltd. published this content on 01 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2022 06:32:09 UTC.
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.