Konica Minolta 2014 Annual Report Download - page 79

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29. Signifi cant Subsequent Events
At the Board of Directors meeting held on July 30, 2014, Konica Minolta, Inc. (the “Company”) approved the item related to the
acquisition of its own shares based on Article 156 of the Japanese Corporate Law, which is applicable in accordance with Article 165,
Paragraph 3 of the same law as well as the retirement of its treasury stock based on Article 178 of the same law. Details follow.
(1) Reason for Acquisition of Own Shares and Retirement of Treasury Stock
The Company decided to acquire its own shares and retire its treasury stock with the aim of shareholders’ benefi t,
improving capital effi ciency and ensuring a fl exible capital policy.
(2) Details of the Acquisition of Own Shares
(i) Type of shares to be acquired: Common stock
(ii) Number of shares to be acquired: Limited to 10 million
(2.0% of the total number of outstanding shares
(excluding treasury stock))
(iii) Total value of shares to be acquired: Limited to ¥10,000 million ($97,163 thousand)
(iv) Acquisition period: July 31, 2014 to October 31, 2014
(v) Method of acquisition: Discretionary trading by a securities company
(3) Details of the Retirement of Treasury Stock
(i) Type of shares to be retired: Common stock
(ii) Number of shares to be retired: 20 million
(3.8% of the total number of issued shares prior to retirement
(including treasury stock))
(iii) Number of issued shares after retirement: 511,664,337 shares
(iv) Planned date of retirement: August 29, 2014
Note: Treasury stock as of June 30, 2014
Total number of issued shares: 531,664,337 shares
Total number of treasury stock: 21,097,704 shares
Total number of outstanding shares (excluding treasury stock): 510,566,633 shares
78
KONICA MINOLTA, INC. Annual Report 2014