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Kobe Steel Announces Share Buyback Program
Purchase of shares pursuant to the provisions of Article 459.1 of the Corporation Law and the Company's Articles of Incorporation
March 1, 2007
1. | Reason for Share Buyback | |
To implement a more flexible capital policy. | ||
2. | Details of the Program | |
(1) Class of shares to be purchased: | Common stock | |
(2)Number of shares to be purchased: | Up to 120 million shares | |
(3.85% of total issued shares) | ||
(3)Total purchase price: | Up to 50 billion yen | |
(4)Purchase period: | From March 2, 2007 to April 18, 2007 | |
Note: Treasury shareholdings as of September 30, 2006 | ||
Total number of issued shares(excluding treasury shares): |
3,112,373,707 shares |
|
Total number of treasury shares: |
2,687,393 shares |