The Asahi Kasei Corporation Board of
Directors today adopted a resolution for the company to implement
a program of share repurchase pursuant to Article 3 of the
Law for Special Exceptions to the Commercial Code concerning
the Procedure of the Redemption of Shares, to be implemented
as follows:
- Type of shares to be repurchased:
Par value common shares.
- Number of shares to be repurchased:
66 million shares (maximum).
- Total value of shares to be repurchased:
30.0 billion yen (maximum).
- Method of repurchase:
Purchase on the Tokyo Stock Exchange.
Note: The total number of shares redeemable
by purchase as provided for in the Articles of Incorporation
is 144,000,000 shares.
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