Nidec Announces The Status Of Share Repurchases And The Termination Of The Share Repurchase Plan

KYOTO, Japan, Jan. 24, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced the status of the Company's share repurchases under its repurchase plan in accordance with the Articles of Incorporation pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

The Company's share repurchase plan authorized by the Board of Directors on January 24, 2013, has been terminated as of January 24, 2014.

Details of Share Repurchases
1. Period of share repurchases: From January 1, 2014 through January 24, 2014
2. Class of shares: Common stock
3. Number of shares repurchased: 0 shares
4. Total repurchase amount: 0 yen

A) Details of the share repurchase plan authorized by the Board of Directors on January 24, 2013:
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 3,000,000 shares
(2.21% of total number of shares issued, excluding treasury stock)
3. Total repurchase amount: Up to 20 billion yen
4. Period of repurchase: From January 25, 2013 through January 24, 2014
B) Total number of shares repurchased through January 24, 2014, pursuant to the authorization of the Board of Directors described above:
1. Total number of shares repurchased: 1,347,800 shares
2. Total repurchase amount: 7,190,003,000 yen
CONTACT: Masahiro Nagayasu         General Manager         Investor Relations         +81-75-935-6140

Nidec Corporation

If you liked this article you might like

A Peek at Some of the Busiest M&A Bankers This Quarter

Japanese Chipmaker Renesas Considering Intersil Acquisition

3 Stocks Pushing The Industrial Industry Lower

Nidec, Mitsubishi Are Japanese Gems Says Hennessy Fund Manager

Strong And Under The Radar: Nidec (NJ)