Investegate announcements from Mitsui & Co Ltd, Allotment of Stock-based Compensation Stock Options with Stock Price Conditions to Managing Officers whose Entitlements were Suspended while they were Serving Overseas
Notice: This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui s current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui s actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui s latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements. This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any s
Mitsui & Co., Ltd. Notification of Progress and End of Stock Repurchase
At the meeting of the Board of Directors held on February 24, 2021, Mitsui & Co., Ltd. (“Mitsui”) resolved to repurchase its stock in accordance with Article 156 and Article 165(3) of the Companies Act of Japan. Mitsui today reported the progress of stock repurchase and announced the end of the stock repurchase pursuant to the resolution above with the following details:
Progress of stock repurchase:
(2) Number of shares repurchased: 10,776,800 shares
(3) Total amount: 24,632,241,699 yen
(4) Period: From April 1, 2021 to April 26, 2021
(5) Repurchase method: Auction market on Tokyo Stock Exchange
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1.Details of stock repurchase resolved at the meeting of the Board of Directors held on February 24, 2021.
Notification of Stock Repurchase and Cancellation of Treasury Stock
(Stock Repurchase in accordance with the paragraph 2 of Article 165 of the Companies Act of Japan and cancellation of a part of treasury stock in accordance with the Article 178 of the Act)
At the meeting of the Board of Directors held on February 24, 2021, Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President & CEO: Tatsuo Yasunaga) resolved to repurchase its stock in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to paragraph 3 of Article 165 of the Companies Act of Japan and to cancel a part of its treasury stock in accordance with Article 178 of the said Act. Details of the repurchase and cancellation are as follows: