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For Immediate Release
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Hitachi Metals, Ltd. (Jan. 31, 2005)
Code:5486
URL http://www.hitachi-metals.co.jp
2-1 Shibaura 1 chome, Minato-ku, Tokyo
Contact: Sig Ishigay, Officer and General Manager
Corporate Communications Tel: +81-3-5765-4073
Stock Exchange where listed (section): Tokyo(First), Osaka(First)
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Notice of Treasury Stock Purchase
(Pursuant to Article 211-3, Section 1-2 of the Commercial Code of
Japan) |
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Tokyo, Japan, January 31, 2005--Hitachi Metals, Ltd. announces its
decision, made at the Board of Directors meeting held January 31,
2005, to purchase treasury stock based on Article 211-3, Section
1-2 of the Commercial Code of Japan.
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1. Reason for the acquisition
To allow for flexible implementation of capital policy
2. Details
(1) Type of shares to be acquired: Common stock
(2) Number of shares: Up to 1,150,000 shares
(3) Amount of acquisition: Up to 700,000,000 yen
(4) Acquisition period: February 1, 2005 to February
28, 2005
Reference:
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Treasury stock as of December 31, 2004 |
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Total number of shares issued (excluding treasury stock): |
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349,686,822 |
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Total number of shares of treasury stock: |
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7,481,865 |
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