TOKYO OHKA KOGYO CO., LTD. (TOK) provides chemical products, such as photoresist, and equipment for semiconductors and liquid crystal displays.

News ReleaseNotice Regarding the Purchase of Treasury Stock

2017 News Release

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Notice Regarding the Purchase of Treasury Stock

Notice Regarding the Purchase of Treasury Stock

(Purchase of treasury stock in accordance with the Articles of Incorporation based on Article 165, Paragraph 2 of the Companies Act)

 Tokyo Ohka Kogyo Co., Ltd. (hereinafter the “Company”) announced that the Board of Directors of the Company resolved at the meeting held on November 7, 2017 to purchase treasury stock as cited below in accordance with Article 156 of the Companies Act.

 

1Reason for the purchase of treasury stock

To carry out dynamic capital strategies, and to promote returns to shareholders corresponding to changes in the business environment

 

2Details of the purchase

(1) Type of stock to be purchased:        Common stock

(2) Number of stocks to be purchased:  2.5 million shares (maximum limit)

                                     Equivalent to 5.73% of the total shares issued

                          (excluding treasury stock)

(3) Total purchase cost:                        10 billion yen (maximum limit)

(4) Purchase period:                              From November 8, 2017 through April 27, 2018

 

 

(Reference)

Current treasury stock holdings as of October 31, 2017

Total shares issued (excluding treasury stock): 43,664,548 shares

                                             Treasury stock:   1,435,452 shares

 

 

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For Contact: Public Relations Division

Tel. +81-44-435-3000

News ReleaseNotice Regarding the Purchase of Treasury Stock