Shizuoka Gas Co., Ltd. has completed the purchase of treasury shares it announced yesterday (September 15, 2011). Details of the results are provided below.
The purchase of treasury shares based on yesterday’s resolution of the Board of Directors was completed with today’s purchase.
1. Reason for the purchase of treasury shares
To enable the Company to implement a flexible capital policy in response to changes in the management environment.
2. Acquisition details
(1) Class of shares to be acquired Common stock of the Company
(2) Total number of shares acquired 3,000,000 shares (3.94% to total outstanding shares)
(3) Acquisition price 1,524,000,000 yen
(4) Acquisition date Acquisition date September 16, 2011
(5) Method of acquisition Purchase using Off-Auction Own Share Repurchase Trading (ToSTNeT-3) on the Tokyo Stock Exchange
(Reference) Details of the resolution concerning the purchase of treasury shares (announced on September 15, 2011)
(1) Class of shares to be acquired Common stock of the Company
(2) Total number of shares to be acquired 4,000,000 shares (5.25% to total outstanding shares)
(3) Total acquisition price for shares 2,032,000,000 yen