Press Release
Progress in Acquisition (Buyback) of Treasury Stock(Acquisition based on provisions of articles of association following Company Law, Article 165, Paragraph 2)
January 04, 2010
Chubu Electric Power Co., Inc.
Chubu Electric has been acquiring treasury stock under Article 156 of the
Company Law of Japan as applied pursuant to Article 165, Paragraph 3.
The acquisition had been decided upon at the October 30, 2009 meeting of
the Board of Directors. Details of the acquisition are as below.
Details
1 Type of shares acquired
Chubu Electric common stock
2 Acquisition period
December 01 - 31, 2009 (Date of contract)
3 Number of shares acquired
5,395,000 shares
4 Value of shares acquired
12,073,377,000 yen
5 Method of acquisition
Purchase on open market on Tokyo Stock Exchange
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1 Details of the decision made at the October 30, 2009 meeting of the Board of Directors
(1) Type of shares to be acquired
Chubu Electric common stock
(2) Maximum number of shares to be acquired
16 million shares
(2.1% of shares issued excluding treasury stock)
(3) Maximum acquisition value of shares
30 billion yen
(4) Acquisition period
November 02, 2009 - March 31, 2010
2 Cumulative total of treasury stock acquired by December 31, 2009, based on the above decision at the Board of Directors
(1) Number of shares acquired
10,560,600 shares
(2) Value of shares acquired
22,820,102,500 yen