SEARCH FINANCIAL SERVICES INFRASTRUCTURE SECURITY SCIENCE INTERVIEWS

 

     

Sony Begins $910M Share Buyback

February 8, 2019

Sony has approved the repurchase of shares of its own common stock pursuant to Article 459, Paragraph 1 of the Companies Act of Japan and Article 34 of Sony’s Articles of Incorporation, as follows.

1. Reason for the Repurchase

Sony believes that continuously increasing corporate value and providing dividends are essential to rewarding its stockholders. In consideration of its financial condition and the price of its common stock, among other things, Sony has decided to repurchase its own shares

 

2. Details of Matters Relating to the Repurchase 1 Class of shares to be repurchased Common stock of Sony
2 Total number of shares to be repurchased 30 million sharesmaximum) (2.36% of total number of shares issued and outstanding (excluding treasury stock))
3 Total purchase price for repurchase of shares 100 billion yenmaximum
4 Period of repurchase February 12, 2019 to March 22, 2019
5 Method of repurchase Open market purchase through the Tokyo Stock Exchange based on a discretionary trading contract

Terms of Use | Copyright © 2002 - 2018 CONSTITUENTWORKS SM  CORPORATION. All rights reserved. | Privacy Statement