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June 13, 2005 |
Mitsubishi Rayon Co., Ltd. |
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Notice Regarding Acquisition of Company Shares |
(In accordance with the stipulations of Article 211-3,
Clause 1, Item 2 of the Commercial Code) |
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On May 10, 2005 the Board of Directors passed a resolution to acquire the Company’s own shares in accordance with the stipulations mentioned above. The shares have been acquired accordingly, and we herewith report the details of the acquisition. |
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1. |
Period of purchase: May 13, 2005 to June 10, 2005 (on a transaction date basis) |
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Total number of shares purchased: 11,389,000 |
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Total acquisition cost: ¥4,899,962,000 |
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Method of purchase: purchased in ordinary trading on the Tokyo Stock Exchange |
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The resolution of the Board of Directors of May 10, 2005 authorized the purchase of the Company’s own shares under the following conditions. |
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1. |
Type of shares to be purchased: ordinary shares |
2. |
Maximum number of shares authorized for purchase:
12,000,000 (1.96% of shares issued and outstanding) |
3. |
Maximum amount for use in share purchase: 4,900,000,000 Japanese Yen |
4. |
Period of purchase: May 13, 2005 to June 7, 2005 |
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For further inquiries, please contact: |
Public and Investor Relations Office |
e-mail:
koho@mrc.co.jp |
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The contents shown herein are accurate as of the time of posting.