Mitsubishi Electric Announces Conclusion of Company Stock Repurchase [Yahoo! Finance]
MITSUBISHI ELEC UNSP/ADR (MIELY)
NASDAQ:AMEX Investor Relations:
mitsubishielectric.com/company/ir/index.html
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Source: Yahoo! Finance
TOKYO, April 01, 2024 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. Type of Shares Repurchased: Common stock Number of Shares Repurchased: 23,020,400 shares Aggregate Value of Shares Repurchased: JPY 44,750,577,150 Repurchase Period: May 1, 2023 to March 29, 2024 Repurchase Method: Market trades on Tokyo Stock Exchange Note: There was no repurchase of company stock from March 1 to March 29, 2024. (For reference) 1. Details of resolution approved by the
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