Mitsubishi Electric Announces Conclusion of Company Stock Repurchase
MITSUBISHI ELEC UNSP/ADR (MIELY)
NASDAQ:AMEX Investor Relations:
mitsubishielectric.com/company/ir/index.html
Company Research
Source: Business Wire
According to Articles of Incorporation Pursuant to Article 459, Paragraph 1 of Companies Act of Japan TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the conclusion of its repurchase of company stock pursuant to the provisions of Article 459, paragraph 1 of the Companies Act, as well as Article 31 of the company’s articles of incorporation approved by the Board of Directors on April 28, 2023, as shown below. Mainly due to a rise in the share price during the repurchase period, neither the total number of shares repurchased nor the aggregate value of shares repurchased reached the upper limits approved by the Board of Directors.1.Type of Shares Repurchased:Common stock2.Number of Shares Repurchased:23,020,400 shares3.Aggregate Value of Shares Repurchased:JPY 44,750,577,1504.Repurchase Period:May 1, 2023 to March 29, 20245.Repurchase Method:Market trades on Tokyo Stock ExchangeNote: There was no repurchase of company stock from March 1 to March 2
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