17NX Mit.corp. 24

TIDM17NX

RNS Number : 0762Y

Mitsubishi Corporation

02 September 2022

Translation of report filed with the Tokyo Stock Exchange on September 2, 2022

Notification of Completion of Share Repurchase and Number of Shares of

Treasury Stock to be Cancelled

Mitsubishi Corporation (MC) hereby announces the completion of its share repurchase pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Paragraph 3, Article 165 of the same act, as well as the total number of shares of treasury stock to be cancelled in accordance with Article 178 of the same act. These resolutions were reached at the meeting of MC's Board of Directors held on May 10, 2022. Details are described below.

   1.    Share repurchases from September 1, 2022 to September 1, 2022 
 
 (1).   Class of shares repurchased:          Common stock 
 (2).   Total number of shares repurchased:   700 shares 
 (3).   Aggregate repurchased amount:         3,153,000 yen 
 (4).   Period of repurchases:                From September 1, 2022 to 
                                               September 1, 2022 
 (5).   Method of repurchases:                Purchased on the Tokyo Stock 
                                               Exchange 
 
   2.    Results of the Share Repurchases: 
 
 (1).   Class of shares repurchased          Common stock 
 (2).   Total number of shares repurchased   16,578,000 shares 
 (3).   Aggregate repurchased amount         69,999,918,000 yen 
 (4).   Period of repurchases                May 11, 2022 to September 
                                              1, 2022 
 (5).   Method of repurchases                Purchase on the Tokyo Stock 
                                              Exchange 
 
   3.    Details of the Cancellation of Treasury Stock: 
 
 (1).   Class of shares to be cancelled    Common Stock 
 (2).   Number of shares to be cancelled   11,578,000 shares 
                                            (0.8% of the total number 
                                            of shares outstanding) 
 (3).   Number of shares outstanding       1,474,145,351 shares 
         after the cancellation 
 (4).   Date of cancellation               September 30, 2022 
 

(References)

   1.    Details of share repurchase resolved at the meeting of MC's Board of Directors held on 

May 10, 2022:

 
 (1).   Class of shares to be repurchased          Common stock 
 (2).   Total number of shares to be repurchased   Up to 23 million shares 
                                                    (Represents up to 1.5% 
                                                    of the total number of 
                                                    outstanding shares (excluding 
                                                    treasury stock)) 
 (3).   Total purchase price for repurchase        Up to 70 billion yen 
         of shares 
 (4).   Period of repurchases                      May 11, 2022 to September 
                                                    11, 2022 
 (5).   Method of repurchases                      Purchase on the Tokyo 
                                                    Stock Exchange 
 

2. Details of cancellation of shares of treasury stock resolved at the meeting of MC's Board of Directors held on May 10, 2022:

 
 (1).   Class of shares to be cancelled    Common Stock 
 (2).   Number of shares to be cancelled   All shares repurchased, 
                                            excluding those to be 
                                            delivered upon exercises 
                                            of stock options (5 million 
                                            shares) 
 (3).   Date of cancellation               September 30, 2022 
 

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September 02, 2022 02:00 ET (06:00 GMT)

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