Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Tatsuo Yasunaga) hereby announces that it has completed the repurchase of its own shares today, pursuant to the announcement made on February 8, 2017.
Mitsui further announces that this concludes the repurchase of its own shares based on the resolution adopted by the Boards of Directors meeting held on February 8, 2017.
1. Purpose of share repurchase
To improve capital efficiency and to implement flexible capital management policy
2. Details of repurchase
|(1) Class of stock||Common shares of Mitsui|
|(2) Total number of repurchased shares||28,000,000 shares
(1.56% of the total number of shares outstanding excluding treasury shares)
|(3) Total amount||47,460,000,000 yen (1,695.0 yen per share)|
|(4) Date of repurchase||February 9, 2017|
|(5) Method of repurchase||Through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)|
[Reference] Details of the resolution approved at the board of directors' meeting held on February 8, 2017.
|Class of stock||Common stock|
|Total number of shares to be repurchased||Up to 28,000,000 shares|
|Total amount||Up to 50,000,000,000 yen|
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 similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.