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:
December 17, 2001 – January 28, 2002.
- Number of shares repurchased:
6,267,000 shares.
- Total value of shares repurchased:
2,587,637,000 yen.
- Method of repurchase:
Purchase on the Tokyo Stock Exchange.
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 January 28, 2002 are as follows:
- Number of shares repurchased:
21,167,000 shares.
- Total value of shares repurchased:
9,047,881,000 yen.
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