Nidec Announces the Status of Own Share Repurchase (Repurchase of Own Shares, Pursuant to the Company's Articles of Incorporation Based on the Provisions of Article 459-1-1 of the Company Law of Japan) KYOTO, Japan, Feb. 3, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced the status of the Company's own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 22, 2014, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan. Details are as follows: Details of Share Repurchase 1. Period of own share repurchase: From January 27, 2014 through January 31, 2014 2. Class of shares: Common stock 3. Number of own shares repurchased: 0 4. Total repurchase amount: 0 yen Note: The above repurchase information has been prepared on the basis of execution date. Reference A) The following details were resolved by the Company's Board of Directors on January 22, 2014: 1. Class of shares: Common stock 2. Total number of shares to be repurchased: Up to 2,000,000 shares (1.45% of total number of shares issued, excluding treasury stock) 3. Total repurchase amount: Up to 24 billion yen 4. Period of repurchase: From January 27, 2014 through January 26, 2015 B) The accumulative number of own shares repurchased until January 31, 2014, pursuant to the Board of Directors resolution above: 1. Accumulative number of own shares repurchased: 0 2. Total accumulative repurchase amount: 0 yen CONTACT: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 email@example.com Nidec Corporation
Nidec Announces the Status of Own Share Repurchase
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