Pursuant to Article 3, Clause 4 of the Supplementary Provisions to the Amended Commercial Code, based on the former Article 3, Clause 1 of the Law for Special Exceptions to the Commercial Code concerning the Procedure of the Redemption of Shares, Asahi Kasei Corporation has repurchased its shares from the market as follows:
- Purchase period:
April 16, 2002 – May 13, 2002.
- Number of shares repurchased:
4,064,000 shares.
- Total value of shares repurchased:
1,964,825,000 yen.
- Method of repurchase:
Purchase on the Tokyo Stock Exchange.
With the conclusion of this period of purchase, the program of repurchase authorized by the Board of Directors on September 26, 2001 has been completed.
Note: A program of repurchase was authorized by the Board of Directors on September 26, 2001, to be implemented as follows:
- Type of shares to be repurchased:
Common shares.
- Number of shares to be repurchased:
66 million shares (maximum).
- Total value of shares to be repurchased:
30.0 billion yen (maximum).
The cumulative number and value of shares repurchased as of May 13, 2002 are as follows:
- Number of shares repurchased:
39,731,000 shares.
- Total value of shares repurchased:
15,986,206,000 yen.
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