Nidec Announces Outlines of Planned Stock Split, Amendment to Articles of Incorporation, and Modification to Share Repurchase Program

KYOTO, Japan, Feb. 08, 2020 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the a??Companya??) today announced that the Board of Directors of the Company, at a meeting held on February 8, 2020, made the following decisions regarding a stock split and an amendment to the Companya??s Articles of Incorporation, as well as a modification to the Companya??s share repurchase program resolved on January 23, 2020.1. Purposes of the Stock SplitThe Company has decided to implement a stock split to enhance the liquidity of the Companya??s common stock and expand its investor base by reducing the trading price per share of the Companya??s common stock.2. Outline of the Stock Split


Method of the Stock SplitA 

Each of the shares of the Companya??s common stock held by shareholders included or recorded in the final register of shareholders as of the record date of March 31, 2020 (Tuesday) will be split into two shares.A 


Increase in Number of Shares in Connection with the Stock SplitA 

Total issued shares prior to stock split:A  A  A  A 

298,142,234 sharesA 

Increase in shares in connection with stock split:A 

298,142,234 sharesA 

Total issued shares following stock split:A  A  A 

596,284,468 sharesA 

Total number of shares authorized to be issued following stock split:A 

1,920,000,000 sharesA 


Schedule for the Stock SplitA 

Public notice of record date:A 

March 13, 2020

Record date:

March 31, 2020

Effective date:

April 1, 2020

3.A Amendment to the Article of Incorporation
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