TDK Announces Results of Share Repurchase and Completion of Current Buybacks
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.
TDK Announces Results of Share Repurchase and Completion of Current Buybacks
July 2, 2007
TDK Corporation has announced today that the repurchase of some of its own shares, resolved on the Board of Directors meeting on May 15, 2007, pursuant to the regulations of Articles 165-2 of the Company Law of Japan, as follows.
With the repurchase of these shares, TDK has completed the buyback of all the shares approved by the aforementioned May 15 resolution of the Board of Directors on June 30, 2007.
| 1. | Period of purchase | : | May 31 to June 30, 2007 |
| 2. | Number of shares repurchased | : | 0 shares |
| 3. | Price paid per share | : | ¥ 0 |
| 4. | Method of purchase | : | Purchased on the Tokyo Stock Exchange |
(For reference:)
Total shares repurchased
| 1. | Date of purchase | : | May 30, 2007 |
| 2. | Number of shares repurchased | : | 3,599,000 shares |
| 3. | Amount | : | ¥39,229,100,000 |
| 4. | Method of purchase | : | Closing price transaction through ToSTNet-2 (Tokyo Stock Exchange Trading Network System) |
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.
Tel.: 81-3-6778-1055
E-mail: TDK.PR@tdk.com
