KYOTO, Japan (Aug. 1, 2013) – Nidec Corporation announced the status of the company's own share repurchase under its ongoing repurchase plan resolved at a meeting of the board of directors held on January 24, 2013, pursuant to Article 459, Paragraph 1, Item 1 of the company’s Act of Japan.
Details of Share Repurchase:
1. Period of own share repurchase: From July 1, 2013, through July 31, 2013
2. Class of shares: common stock
3. Number of own shares repurchased: 0
4. Total repurchase amount: 0 yen
Note: The above repurchase information has been prepared on the basis of the execution date.
Reference
A) The following details were resolved by the Company's Board of Directors on Jan. 24, 2013:
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 3,000,000 shares (2.21 percent of total number of shares issued, excluding treasury stock)
3. Total repurchase amount: Up to 20 billion yen
4. Period of repurchase: From Jan. 25, 2013, through Jan. 24, 2014
B) The accumulative number of own shares repurchased until July 31, 2013, pursuant to the board of directors resolution above:
1. Accumulative number of own shares repurchased: 1,347,800 shares
2. Total accumulative repurchase amount: 7,190,003,000 yen