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TDK Announces Results of Share Buyback Through ToSTNet-2
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TDK Announces Results of Share Buyback Through ToSTNet-2
http://www.global.tdk.com/news_center/pressTDK Press Release
May 30, 2007
TDK Corporation has announced that today it repurchased some of its own shares, as follows. TDK announced this planned share buyback yesterday.
| 1. | Reason for purchase | To increase capital efficiency and further increase the level of returns to stockholders. |
| 2. | Type of shares repurchased | TDK Corporation common stock |
| 3. | Number of shares repurchased | 3,599,000 shares |
| 4. | Price paid per share | ¥10,900 |
| 5. | Date of purchase | May 30, 2007 |
| 6. | Method of purchase | Closing price transaction through ToSTNet-2 (Tokyo Stock Exchange Trading Network System) |
(For reference:)
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) |
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| (3) | Total cost | Up to ¥44.0 billion | ||||
| (4) | Buyback period | May 16, 2007 through June 30, 2007 | ||||
| (5) | Progress of May 30, 2007: | |||||
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The remaining 401,000 shares of the 4 million shares for repurchase will be repurchased during market hours by June 30, 2007.
For further information, contact the Corporate Communications Dept.
Tel.: 81-3-6778-1055
E-mail: TDK.PR@tdk.com
