Treasury Stock

RNS Number : 8950O

Konami Corporation

16 March 2009

 



March 16, 2009

FOR IMMEDIATE RELEASE

KONAMI CORPORATION Kagemasa Kozuki, Representative Director and Chief Executive Officer Shares listed: Tokyo, New York, London and Singapore Stock Exchanges Contact: Noriaki Yamaguchi, Representative Director and Chief Financial Officer  Tel: [phone]

News Release Relating to Repurchase of Stock of Konami Corporation  and Completion of Acquisition

(Under the provisions of its Articles of Incorporation pursuant to

paragraph 2, Article 165 of the Corporation Act of Japan)

TOKYO - Konami Corporation (the 'Company') hereby announces that it has repurchased the Company's stock in accordance with the provisions of Article 156 of the Corporation Act applied after the modification by the provisions in paragraph 3, Article 165 of the Corporation Act of Japan, Law, and that it has completed the repurchase resolved at its Board of Directors meeting held on February 5, 2009.

The details of the stock repurchase is as follows:

Details of repurchase: 

(1)		Type of shares to be repurchased:		Common Stock of the Company
(2)		Repurchased period:		From March 1, 2009 to March 16, 2009
	(when agreements for purchase were entered into)
(3)		Total number of shares repurchased:		3,161,100 shares
(4)		Total repurchase price:		4,307,948,400 yen
(5)		Method of repurchase:		Market purchase on the Tokyo Stock Exchange

(Reference) 

1.    Details of repurchase as resolved at the Board of Directors' meeting held on February 5, 2009

• (1)		Type of shares to be repurchased:		Common Stock of the Company
  (2)		Total number of shares to be repurchased:		4 million shares (maximum)
  	(Percentage of total issued and outstanding shares excluding treasury stock already owned by the Company: 2.91%)
  (3)		Total repurchase price:		10 billion yen (maximum)
  (4)		Repurchasing period:		From February 6, 2009 to March 23, 2009

2.    Total number and total cost of the Company' shares repurchased under the Board of Directors'
       resolution

(1)      Type of shares to be repurchased:        Common Stock of the Company

(2)      Total number of shares repurchased:                           4,000,000 shares

(3)      Total cost of repurchase:                                          5,475,341,900 yen

This press release is published in order to publicly announce the Company's repurchase of its own shares and is not prepared for the purpose of soliciting investment or any similar act inside or outside of Japan.

The statements within this release contain forward-looking statements about our future plans that involve risk and uncertainty. These statements may differ materially from actual future events or results. Readers are referred to the documents furnished by the Company with the United States Securities and Exchange Commission, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.

 

END

 

 

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