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Nidec Announces Outlines of Planned Stock Split, Amendment to Articles of Incorporation, and Modification to Share Repurchase Program

Written by Customer Service on . Posted in Public Companies.

KYOTO, Japan, Feb. 08, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced that the Board of Directors of the Company, at a meeting held on February 8, 2020, made the following decisions regarding a stock split and an amendment to the Company’s Articles of Incorporation, as well as a modification to the Company’s share repurchase program resolved on January 23, 2020.1. Purposes of the Stock SplitThe Company has decided to implement a stock split to enhance the liquidity of the Company’s common stock and expand its investor base by reducing the trading price per share of the Company’s common stock.2. Outline of the Stock Split3. Amendment to the Article of Incorporation


 4. Modification to the Share Purchase Program 
(Reference)Details of the Company’s share repurchase program as adopted at the meeting of the Board of Directors on January 23, 2020:5. Other InformationCautionary Statement Concerning Forward-Looking Information
This press release contains forward-looking statements regarding the Company’s current intent, plans, expectations, targets and estimates.  Such forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties.  Actual results may differ materially from those described in such forward-looking statements as a result of various factors, including, but not limited to, the Company’s ability to obtain any necessary approval from regulatory bodies, including securities exchanges, as planned, changes in general economic conditions and business and regulatory environments, and available funds.  The Company assumes no obligation to, and does not intend to, update these forward-looking statements, except as required by law.
Masahiro Nagayasu  
General Manager  
Investor Relations  
+81-75-935-6140  
ir@nidec.com 

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