Mitsubishi Corporation Notification of Completion of Share Repurchase (5527X)

TIDM17NX

RNS Number : 5527X

Mitsubishi Corporation

21 December 2023

Translation of report filed with the Tokyo Stock Exchange on December 21, 2023

Notification of Completion of Share Repurchase and Number of Shares of

Treasury Stock to be Cancelled

Mitsubishi Corporation (MC) hereby announces the completion of its share repurchase pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Paragraph 3, Article 165 of the same act, as well as the total number of shares of treasury stock to be cancelled in accordance with Article 178 of the same act. These resolutions were reached at the meeting of MC's Board of Directors held on May 9, 2023. Details are described below.

   1.    Share repurchases from December 1, 2023 to December 20, 2023 
 
 (1).   Class of shares repurchased:          Common stock 
 (2).   Total number of shares repurchased:   4,801,700 shares 
 (3).   Aggregate repurchased amount:         32,501,890,900 yen 
 (4).   Period of repurchases:                From December 1, 2023 to December 
                                               20, 2023 
 (5).   Method of repurchases:                Purchased on the Tokyo Stock 
                                               Exchange 
 
   2.    Results of the Share Repurchases: 
 
 (1).   Class of shares repurchased          Common stock 
 (2).   Total number of shares repurchased   44,487,900 shares 
 (3).   Aggregate repurchased amount         299,999,792,900 yen 
 (4).   Period of repurchases                From May 10, 2023 to December 
                                              20, 2023 
 (5).   Method of repurchases                Purchase on the Tokyo Stock 
                                              Exchange 
 
   3.    Details of the Cancellation of Treasury Stock: 
 
 (1).   Class of shares to be cancelled    Common Stock 
 (2).   Number of shares to be cancelled   133,463,700 shares* 
                                            (3.1% of the total number 
                                            of shares outstanding) 
                                            * MC decided to conduct a 
                                            stock split into three shares 
                                            (effective date: January 1, 
                                            2024). 133,463,700 shares 
                                            are equivalent to all the 
                                            shares we repurchased as "2. 
                                            Result of the Share Repurchases." 
 (3).   Number of shares outstanding       4,179,018,153 shares 
         after the cancellation 
 (4).   Date of cancellation               January 31, 2024 
 

(References)

   1.    Details of share repurchase resolved at the meeting of MC's Board of Directors held on 

May 9, 2023:

 
 (1).   Class of shares to be repurchased          Common stock 
 (2).   Total number of shares to be repurchased   Up to 86 million shares 
                                                    (Represents up to 6.0% 
                                                    of the total number of 
                                                    outstanding shares (excluding 
                                                    treasury stock)) 
 (3).   Total purchase price for repurchase        Up to 300 billion yen 
         of shares 
 (4).   Period of repurchases                      From May 10, 2023 to 
                                                    December 31, 2023 
 (5).   Method of repurchases                      Purchase on the Tokyo 
                                                    Stock Exchange 
 

2. Details of cancellation of shares of treasury stock resolved at the meeting of MC's Board of Directors held on May 9, 2023:

 
 (1).   Class of shares to be cancelled    Common Stock 
 (2).   Number of shares to be cancelled   All shares repurchased 
 (3).   Date of cancellation               January 31, 2024 
 

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December 21, 2023 02:00 ET (07:00 GMT)