2016
Notice of Acquisition of Treasury Stock from a SubsidiaryMarch 25, 2016
NTN Corporation hereby advises that at a Board of Directors meeting held on March 23, 2016, the Company has made a resolution to acquire treasury stock held by a subsidiary pursuant to the provisions of Article 156 of the Companies Act replaced by its Article 163. The details are as follows:
1. Reason for acquiring treasury stock
Pursuant to Article 135-3 of the Company Act, NTN Corporation acquired NTN's common stock held by the subsidiary.
2. Outline of acquisition
| (1) Type of shares acquired | Common stock |
|---|---|
| (2) Number of shares acquired | 78,000 shares (ratio of total number of shares issued (excluding treasury stock):0.014%) |
| (3) Total amount of acquisition | 28,158,000 yen (amount calculated from the 361 yen closing price of NTN common stock at the Tokyo Stock Exchange on March 23, 2016 multiplied by 78,000 stocks) |
| (4) Date of acquisition | March 23, 2016 (date of contract) March 25, 2016 (scheduled date of transfer) |
| (5) Acquisition method | Negotiation transaction |
3. Overview of the subsidiary involved with the transaction
| (1) Company name | Gunma NTN Corporation |
|---|---|
| (2) Head office location | 538 Shimoueki-cho, Isesaki City, Gunma Prefecture |
| (3) Name and title of representative | President and Representative Director Tomohiro Kimura |
| (4) Line of business | Sales of various types of bearings and parts |
| (5) Capital | 10 million yen |
Reference
Amount of treasury stock held as of February 29, 2016
| Total number of shares issued(excluding treasury stock) | 531,748,398 shares |
|---|---|
| Treasury stock | 715,129 shares |
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