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Yamaha Announces Acquisition of Own Shares through ToSTNeT-3 Off-Hours Trading System
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| Yamaha Corporation (Yamaha, the Company) announces that it has decided to conduct an acquisition of its own shares under Article 156 of the Corporation Law of Japan, as applied pursuant to Article 165-3 of the said Corporation Law. The details of the share acquisition are as follows. |
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| 1. |
Method of Acquisition |
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The Company will instruct its agent to purchase its own shares on the Tokyo Stock Exchange in off-hours trading (through the ToSTNeT-3 trading system) at 8:45 a.m. on May 15, 2008, at today’s (May 14) closing price of ¥1,941 per share. (Transactions shall not be conducted by any other system nor at another time.) Bids to acquire shares will be restricted to the specified transaction period. |
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| 2. |
Contents of Acquisition |
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| (1) |
Class of shares to be acquired |
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Yamaha’s common shares |
| (2) |
Total number of shares to be acquired |
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4,610,000 shares |
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| Notes: |
(a) |
The number of shares will not be changed. Please note that depending on market trends and other factors, there is a possibility that a portion of the acquisition or the entire acquisition may be cancelled. |
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(b) |
The scheduled number of shares will be acquired in response to corresponding offers to sell. |
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| 3. |
Announcement of the Results |
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The acquisition results will be announced after the completion of the time specified for trading at 8:45 a.m. on May 15, 2008. |
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| Supplementary Information: |
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Content of the Board of Directors’ decisions regarding the acquisition of the Company’s own shares (Announced on April 30, 2008) |
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Class of shares to be acquired |
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Yamaha’s common shares |
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Total number of shares to be acquired |
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10 million (upper limit) |
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Total amount of shares to be acquired |
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¥18.0 billion (upper limit) |
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Progress toward acquisition as of May 14, 2008: |
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Number of shares acquired |
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0 shares |
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Amount paid for shares acquired |
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¥0 million |
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For further information, please contact
Yamaha Corporation
Public Relations Division, Public Relations Group
TEL. +81-3-5488-6601
FAX. +81-3-5488-5060
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