News Release > 2007 > Notification of Acquisition
of Treasury Shares (Acquisition of treasury shares pursuant to the Articles of
Incorporation and the provisions of Article 165:2 of the Companies Law)
July 30, 2007
| Name of company: | JFE Holdings, Inc. |
| Representative: | Fumio Sudo, President and CEO |
| Listings: | Tokyo, Osaka and Nagoya stock exchanges in Japan |
| Code number: | 5411 |
| Contact: | Shuichiro Hayashi, Manager Public Relations Sec., General Administration Dept. Tel: +81-3-3217-4030 |
Notification of Acquisition of Treasury Shares(Acquisition of treasury
shares pursuant to the Articles of Incorporation
and the provisions of Article
165:2 of the Companies Law)
TOKYO – The Board of Directors of JFE Holdings, Inc., meeting today, resolved to acquire treasury shares pursuant to Article 156 of the Companies Law as applied mutatis mutandis to Article 165:3 of the law.
Details
1. Reason for acquisition of treasury shares:
To enable implementation of more dynamic capital policies in response to changing business environments.
2. Details of acquisition
| Class of shares to be acquired: | Common stock |
| Number of shares to be acquired: | 20 million shares (maximum) (3.26 percent of total issued and outstanding shares) |
| Total acquisition price: | 120 billion yen (maximum) |
| Acquisition period: | From July 31, 2007 to December 28, 2007 |
(Reference) Treasury Shareholdings as of June 30, 2007
| Total issued and outstanding shares (excluding treasury shares) | 590,252,776 shares |
| Treasury shares | 22,653,304 shares |
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