Information contained in the news releases are current as of the date of the press announcement, but may be subject to change without prior notice.
Notice Regarding Share Buyback Through ToSTNet-2
May 29, 2007
TDK Corporation (the "Company") has decided on the following specific method to buy back its own shares, based on the provisions of Article 156 of the Company Law, as modified and applied pursuant to Article 165-3 of this law.
- Buyback method
The Company will place an order to purchase shares at 8:45am on May 30, 2007 through ToSTNet-2 (Tokyo Stock Exchange Trading Network System). The price of the shares in the purchase order will be ¥10,900, the closing price of the Company's ordinary shares on the Tokyo Stock Exchange First Section on May 29, 2007 (closing price transaction). (There will be no change to the trading method or time.) The aforementioned purchase order applies only to the time mentioned above.
- Details of buyback
(1) Type of shares to be repurchased TDK Corporation common stock (2) Number of shares to be repurchased Up to 4 million shares Note 1: The number of shares to be purchased is fixed. However, market conditions may mean that some or all the shares are not purchased. Note 2: Purchases will be made based on sell orders corresponding to the number of shares to be repurchased.
- Announcements of buyback results
The result of the buyback will be announced after the trading time of 8:45am on May 30, 2007.
Details of the buyback resolution by the Board of Directors on May 15, 2007 are as follows.
|(1)||Type of shares to be repurchased||TDK Corporation common stock|
|(2)||Number of shares to be repurchased||Up to 4 million shares
(3.0% of total shares issued)
|(3)||Total cost||Up to ¥44.0 billion|
|(4)||Buyback period||May 16, 2007 through June 30, 2007|
For further information, contact the Corporate Communications Dept.