Mitsubishi Electric Announces Cancellation of Treasury Stock
MITSUBISHI ELEC UNSP/ADR (MIELY)
NASDAQ:AMEX Investor Relations:
mitsubishielectric.com/company/ir/index.html
Company Research
Source: Business Wire
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its cancellation of treasury stock pursuant to the provisions of Article 178 of the Companies Act, as shown below.1.Class of shares to be cancelled: Common stock2.Number of shares to be cancelled: 34,000,000 shares(1.58% of total number of issued shares before the cancellation)3.Cancellation date: May 31, 2024(For reference)1.Total number of shares issued after the cancellation 2,113,201,551 shares2.Number of treasury stock after the cancellation 24,809,310 sharesNote:The number of shares to be cancelled is deducted from the number of treasury stock as of April 30, 2024. The number of treasury stock includes 1,807,321 shares held through the Board Incentive Plan (BIP) Trust.About Mitsubishi Electric CorporationWith more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing
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