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Update on Acquisition of Own Shares: Acquisition Completed
(Acquisition of own shares under the provisions of Yamaha’s Articles of Incorporation, pursuant to Article 165-2 of the Corporation Law of Japan) |
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Yamaha Corporation had been conducting the acquisition of its own shares, as described below, under Article 156 of the Corporation Law of Japan, as applied pursuant to Article 165-3 of the said Corporation Law.
Please note that Yamaha has now completed the acquisition of its own shares as approved by its Board of Directors on April 30, 2008. The details of the most recent acquisition are as follows. |
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| (1) |
Period for the share acquisition |
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June 1, 2008, to June 6, 2008 |
| (2) |
Total number of shares acquired |
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1,470,900 shares |
| (3) |
Total amount of shares acquired |
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¥3,078,071,500 |
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Method of acquisition |
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Market purchases on the Tokyo Stock Exchange |
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| Supplementary Information: |
| (1) |
Content of the Board of Directors’ decisions on April 30, 2008, regarding the acquisition of the Company’s own shares |
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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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(This represents 4.8% of all Company shares issued and outstanding (excluding treasury stock).) |
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Total amount of shares to be acquired |
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¥18.0 billion (upper limit) |
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Period for the share acquisition |
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May 1, 2008, to September 30, 2008 |
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| (2) |
Total number and amount of own shares purchased to date under the April 20, 2008, decisions of the Board of Directors |
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Total number of shares acquired |
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9,033,800 shares |
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Total amount of shares acquired |
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¥17,999,998,700 |
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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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