News Release: Repurchase of S

RNS Number : 8469M

Konami Corporation

05 February 2009

 



February 5, 2009

FOR IMMEDIATE RELEASE

KONAMI CORPORATION Kagemasa Kozuki, Representative Director and CEO Shares listed: Tokyo, New York, London and Singapore Stock Exchange Contact: Noriaki Yamaguchi, Representative Director and CFO  Tel: [phone]

News Release: Relating to Acquisition of Treasury Stock

(Under the provisions of its Articles of Incorporation pursuant to

paragraph 2, Article 165 of the Corporation Act of Japan)

Konami Corporation hereby announces that its Board of Directors decided at its meeting held on February 5, 2009, to acquire treasury stock in accordance with the provisions of Article 156 of the Corporation Act applied after the modification by the provisions in paragraph 3, Article 165 of the Corporation Act. 

The outline of this acquisition of treasury stock is as follows:

1. Reason for Acquisition of Treasury Stock: 

The acquisition of treasury stock is to be conducted in preparation for the expeditious execution of capital strategies in light of the changing business environment.

2. Substance of Acquisition of Treasury Stock: 

(1)		Type of stock to be acquired:		Common Stock
(2)		Total number of shares:		4 million shares (maximum)
	(Percentage of total issued and outstanding shares excluding treasury stock already owned by the Company: 2.91%)
(3)		Total acquisition price:		10 billion yen (maximum)
(4)		Period for acquisition:		From February 6, 2009 to March 23, 2009

(Reference) Possession of treasury stock as of December 31, 2008

Number of outstanding shares (Excluding treasury stock)       137,461,656 shares

Number of treasury stock                                                       6,038,344 shares

 

END

 

 

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