Business News
Dainippon Screen: Notification of acquisition of company shares
Thursday 13. March 2008 - Dainippon Screen hereby gives notification of a resolution passed at the Board of Directors meeting held on March 10, 2008 to acquire its own shares based on the stipulations of paragraph 3, Article 165, of the Japans Corporate Law, as interpreted in the light of Article 156 of the Corporate Law.
1. Reason for acquisition of company shares
In order to enhance shareholder value per share
2. Details of the stock acquisition
(1)Type of shares to be acquired: Common stock
(2)Number of shares to be acquired: 3 million shares (maximum)
(1.25% of total outstanding shares excluding treasury stock)
(3)Aggregate amount of acquisition cost: ¥1.7billion (maximum)
(4)Period of acquisition: From March 11, 2008 to March 14, 2008
(Reference)
The number of outstanding shares and treasury stock as of February 29, 2008
Total number of outstanding shares (excluding treasury stock): 240,413,756 shares
Treasury stock: 13,560,577shares