Okamura : Announcement of Acquisition of Treasury Shares and Purchase of Treasury Shares through Off-Auction Treasury Share Repurchase Trading (ToSTNeT-3)(PDF 98KB)
March 15, 2022
Share
March 16, 2022
To whom it may concern
Company name: Representative:Okamura Corporation Masayuki Nakamura
Representative Director, President and Chief Executive Officer
(Code: 7994, Listing: First Sections of Tokyo Stock Exchange)Contact: TEL:Sakae Fukuda, Director and Executive Officer, CFO +81-(0)45-319-3445
Announcement of Acquisition of Treasury Shares and Purchase of Treasury Shares through
(Acquisition of Treasury Shares and Purchase of Treasury Shares through
Off-Auction Treasury Share Repurchase Trading (ToSTNeT-3) pursuant to the articles of incorporation based on Article 165, paragraph (2) of the Companies Act)
The Company provides notice that, at the Board of Directors meeting held on March 16, 2022, it made the following resolution on the acquisition of treasury shares and the details of the acquisition method thereof pursuant to Article 156 of the Companies Act applied by replacing certain terms under the provisions of Article 165, paragraph (3) of the said Act.
1. Purpose of acquisition of treasury shares
To enable the Company to put capital policies into practice flexibly in response to changes in its business environment
2. Acquisition method
The Company will entrust the purchase at a closing price (including a closing special quote) of 1,182 yen as of this day (March 16, 2022) through Off-Auction Treasury Share Repurchase Trading (ToSTNeT-3) of the Tokyo Stock Exchange at 8:45 a.m. on March 17, 2022 (any other changes to the trading system or time shall not be made).
The relevant purchase orders shall be placed only during the relevant trading time.
3. Details of matters concerning the acquisition
(1) Class of shares to be acquired Common stock
(2)
Total number of shares to be
1,300,000 shares (maximum)
acquired
(Percentage compared to the total number of shares outstanding
(excluding treasury shares): 1.31%)
(3)
Aggregate amount of acquisition
1,950,000,000 yen (maximum)
cost
(4)
Announcement of acquisition
The acquisition result will be announced after trading at 8:45 a.m.
result
on March 17, 2022 is terminated.
Note 1: The number of the relevant shares shall not be changed. Additionally, market trends may prevent the Company acquiring part or all of the shares.
Note 2: Purchase orders shall be placed after receiving selling orders equal to the number of the shares to be acquired.
Reference: Treasury shares held as of February 28, 2022
(1)
Total number of shares outstanding
99,180,851 shares
(excluding treasury shares)
(2)
Number of treasury shares
1,440,170 shares
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Okamura Corporation published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 05:45:05 UTC.
OKAMURA CORPORATION is a company mainly engaged in the manufacture and sale of office environmental equipment and commercial environmental equipment. The Company operates in two business segments. The Office Environmental segment is engaged in the manufacture and sale of office furniture, communal facility furniture, security products and health care products, among others. The Commercial Environmental segment is engaged in the manufacture and sale of store shelves, freezer showcases, refrigerated showcases and store counters. The Company is also engaged in the manufacture and sale of logistics equipment, such as storage racks for factories and warehouses, logistics automatic equipment and facilities.
Okamura : Announcement of Acquisition of Treasury Shares and Purchase of Treasury Shares through Off-Auction Treasury Share Repurchase Trading (ToSTNeT-3)(PDF 98KB)
OKAMURA CORPORATION 
