17NX Mit.corp. 24

TIDM17NX

RNS Number : 9698X

Mitsubishi Corporation

01 May 2023

Translation of report filed with the Tokyo Stock Exchange on May 1, 2023

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 February 3, 2023. Details are described below.

   1.    Share repurchases from April 1, 2023 to April 28, 2023 
 
 (1).   Class of shares repurchased:          Common stock 
 (2).   Total number of shares repurchased:   8,203,800 shares 
 (3).   Aggregate repurchased amount:         40,000,099,200 yen 
 (4).   Period of repurchases:                From April 1, 2023 to April 
                                               28, 2023 
 (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   20,808,400 shares 
 (3).   Aggregate repurchased amount         99,999,916,400 yen 
 (4).   Period of repurchases                From February 16, 2023 to 
                                              April 28, 2023 
 (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   20,808,400 shares 
                                            (1.4% of the total number 
                                            of shares outstanding) 
 (3).   Number of shares outstanding       1,437,493,951 shares 
         after the cancellation 
 (4).   Date of cancellation               May 31, 2023 
 

(References)

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

February 3, 2023:

 
 (1).   Class of shares to be repurchased          Common stock 
 (2).   Total number of shares to be repurchased   Up to 33 million shares 
                                                    (Represents up to 2.3% 
                                                    of the total number of 
                                                    outstanding shares (excluding 
                                                    treasury stock)) 
 (3).   Total purchase price for repurchase        Up to 100 billion yen 
         of shares 
 (4).   Period of repurchases                      From February 16, 2023 
                                                    to April 30, 2023 
 (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 February 3, 2023:

 
 (1).   Class of shares to be cancelled    Common Stock 
 (2).   Number of shares to be cancelled   All shares repurchased 
 (3).   Date of cancellation               May 31, 2023 
 

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END

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May 10, 2023 02:00 ET (06:00 GMT)

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