News
NEWS
2012.2.14
Article Title
Notice of Cancellation of Treasury Stock
#Corporate #IR
ASATSU-DK INC. (hereinafter “the Company”) hereby announces that the board of directors of the Company resolved today to cancel 2,500,000 treasury stocks in accordance with the provisions of Article 178 of the Corporate Law.
Particulars
1. Reason for cancellation of treasury stock
The Company has purchased and held treasury stocks for the purpose of exercising flexible capital policy in responding to changes in our business environment. The Company will cancel the treasury stocks with the aim to increase returns to shareholders by reducing the number of shares issued.
2. Class of shares to be cancelled:
Common stock
3. Number of shares to be cancelled:
2,500,000 shares (Representing 5.35 % of issued shares prior to cancellation)
4. Cancellation Date:
February 26, 2012
(Reference)
1. AS of December 31, 2011
Number of issued shares: 45,155,400
Treasury Stock: 2,573,698 shares (Representing 5.69% of issued shares)
2. Following cancellation, the Company will have 42,655,400 issued shares
