(Treasury Stock Acquisition under the Articles of Incorporation Pursuant to Article 459, Paragraph 1 of the Companies Act)
TSUGAMI CORPORATION announced today the status of acquisition of treasury stock under Article 459, Paragraph 1 of the Companies Act that was resolved at a meeting of the Board of Directors held on January 22, 2019. Details are as follows:
1.
Acquisition period:
From May 1, 2019 to May 31, 2019
2.
Number of shares acquired:
0 shares
3.
Total acquisition cost:
0 yen
4.
Method of acquisition:
Acquisition on the Tokyo Stock Exchange
(Reference)
1. Details of matters related to the acquisition of treasury stock resolved at the meeting of the Board of Directors held on January 22, 2019
(1)
Type of stock to be acquired:
Common stock of the Company
(2)
Number of shares that can be acquired:
1,000 thousand shares (maximum)
(1.93% of the number of shares outstanding (excluding treasury stock) )
(3)
Total acquisition cost:
700 million yen (maximum)
(4)
Acquisition period:
From January 22, 2019 to June 18, 2019
2. Cumulative total of treasury stock acquired based on above meeting resolution (as of May 31, 2019)
(1)
Total number of shares:
0 shares
(2)
Total acquisition cost:
0 yen
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Tsugami Corporation published this content on 03 June 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 June 2019 02:58:00 UTC
TSUGAMI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automatic lathes, grinders, machining centers, rolling machines. The Company operates through Japan, China, India, Korea and other region five geography segments. The Company is also engaged in the related research and other services. The products include CNC precision automatic lathes, including independent opposed gang tool type, opposed gang tool type, gang-tool slede & turret and chuck work; CNC lathes, including M08JL8-II, M06JC-II; turning centers, including TMA8J, TMA8H and TMA8F; machining centers, including vertical machining centers and horizontal machining centers; grinding machines, including CNC cylindrical grinding machines and small grinding machines; rolling machines, including CNC precision rolling machines and precision rolling machines.
TSUGAMI CORPORATION 
