Notification of Completion of Share Repurchase
Translation of report filed with the Tokyo Stock Exchange on December 21, 2023
Notification of Completion of Share Repurchase and Number of Shares of
Treasury Stock to be Cancelled
Mitsubishi Corporation (MC) hereby announces the completion of its share repurchase pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Paragraph 3, Article 165 of the same act, as well as the total number of shares of treasury stock to be cancelled in accordance with Article 178 of the same act. These resolutions were reached at the meeting of MC's Board of Directors held on May 9, 2023. Details are described below.
1. Share repurchases from December 1, 2023 to December 20, 2023
|
(1). |
Class of shares repurchased: |
Common stock |
|
(2). |
Total number of shares repurchased: |
4,801,700 shares |
|
(3). |
Aggregate repurchased amount: |
32,501,890,900 yen |
|
(4). |
Period of repurchases: |
From December 1, 2023 to December 20, 2023 |
|
(5). |
Method of repurchases: |
Purchased on the Tokyo Stock Exchange |
2. Results of the Share Repurchases:
|
(1). |
Class of shares repurchased |
Common stock |
|
(2). |
Total number of shares repurchased |
44,487,900 shares |
|
(3). |
Aggregate repurchased amount |
299,999,792,900 yen |
|
(4). |
Period of repurchases |
From May 10, 2023 to December 20, 2023 |
|
(5). |
Method of repurchases |
Purchase on the Tokyo Stock Exchange |
3. Details of the Cancellation of Treasury Stock:
|
(1). |
Class of shares to be cancelled |
Common Stock |
|
(2). |
Number of shares to be cancelled |
133,463,700 shares* (3.1% of the total number of shares outstanding) * MC decided to conduct a stock split into three shares (effective date: January 1, 2024). 133,463,700 shares are equivalent to all the shares we repurchased as "2. Result of the Share Repurchases." |
|
(3). |
Number of shares outstanding after the cancellation |
4,179,018,153 shares |
|
(4). |
Date of cancellation |
January 31, 2024 |
(References)
1. Details of share repurchase resolved at the meeting of MC's Board of Directors held on
May 9, 2023:
|
(1). |
Class of shares to be repurchased |
Common stock |
|
(2). |
Total number of shares to be repurchased |
Up to 86 million shares (Represents up to 6.0% of the total number of outstanding shares (excluding treasury stock)) |
|
(3). |
Total purchase price for repurchase of shares |
Up to 300 billion yen |
|
(4). |
Period of repurchases |
From May 10, 2023 to December 31, 2023 |
|
(5). |
Method of repurchases |
Purchase on the Tokyo Stock Exchange |
2. Details of cancellation of shares of treasury stock resolved at the meeting of MC's Board of Directors held on May 9, 2023:
|
(1). |
Class of shares to be cancelled |
Common Stock |
|
(2). |
Number of shares to be cancelled |
All shares repurchased |
|
(3). |
Date of cancellation |
January 31, 2024 |
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