Notice Regarding Acquisition of SumitomoMetals’ Own Shares through ToSTNet-3
The Board of Directors of Sumitomo Metal Industries, Ltd. (Sumitomo Metals), at a meeting on August 30, 2012, resolved the following particulars regarding the acquisition of its own shares, pursuant to the Articles of Incorporation based on the provision of Item 1 of Article 459 of the Companies Act. On September 3, 2012, the specific method to purchase its own shares has been decided as stated below.
1. Method of acquisition
Shares will be purchased at the Tokyo Stock Exchange at 8:45 a.m. on September 4, 2012 by a closing price of 111 yen per share as of today, September 3, 2012. Transactions will be made through ToSTNet-3, and shall not be made by other trading systems nor at another time. The purchase order will be valid only at the time designated for transactions.
2. Particulars related to the acquisition.
|(1) Type of shares to be acquired:||Common stock of Sumitomo Metals|
|(2) Number of shares to be acquired:||Up to 500 million shares|
|(3) Total acquisition amount:||Up to 55.5 billion yen|
|(4) Announcement of acquisition results:||To announce the acquisition results after completion of transactions to be performed at 8:45 a.m. on September 4, 2012|
(Note 1) Depending on market fluctuations and other factors, a part or all of the transaction may not be performed.
(Note 2) Sumitomo Metals has been informed by Nippon Steel Corporation, a shareholder of Sumitomo Metals, that Nippon Steel intends to sell its holding of
Sumitomo Metals’ common stock.
Resolution by the Board of Directors on August 30, 2012 (Announced on August 30, 2012)
|(1) Type of shares to be acquired:||Common stock of Sumitomo Metals, up to 500 million shares|
|(2) Total acquisition amount:||Up to 75 billion yen|
|(3) Acquisition period:||From August 31, 2012 to September 25, 2012|