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 will
implement a repurchase of its shares through a transaction
on the Tokyo Stock Exchange Trading Network System (ToSTNeT–2)
as follows:
- Method of purchase:
Purchase will be consigned to be executed at 8:45 a.m. on
December 18, 2001 at today’s (December 17, 2001) closing
price of 410 yen through the ToSTNeT–2 trading system. No
changes will be made regarding the trading system to be
employed or time of execution. The purchase order is limited
to the specified execution time.
- Type and number of shares:
Type of shares to be repurchased: Common shares.
Number of shares to be repurchased: 4,800,000 shares
Notes:
| 1 |
No changes will be made
regarding the number of shares specified in the purchase
order. However, it is possible that the trade, in
part or in whole, will not be executed due to market
conditions |
| 2 |
The purchase will be
performed with a matching sell order for the number
of shares scheduled for repurchase. |
- Announcement of result of transaction:
An announcement will be made after the completion of execution
at 8:45 a.m. on December 18, 2001.
For reference
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 December 17, 2001 are as follows:
|
