January 24, 2003
Notice of Stock
Repurchase
(Treasury stock acquisitions pursuant to
Article 210 of the Commercial Code) |
NIPPONKOA Insurance Co., Ltd.
President: Ken Matsuzawa
This is to announce that a meeting of the Board of Directors of NIPPONKOA Insurance Co.,
Ltd. held today passed a resolution in regard to treasury stock acquisitions as follows,
based on a resolution of the Annual General Meeting of Shareholders held on June 27, 2002:
| 1. Type of shares to be repurchased: |
Common stock of NIPPONKOA Insurance Co., Ltd. |
| 2. Number of shares to be repurchased: |
(Not exceeding)
10 million shares |
| 3. Aggregate acquisition cost: |
(Not exceeding)
5 billion yen |
| 4. Method of acquisition: |
Purchase at Tokyo Stock Exchange |
(Reference)
1. Contents of the resolution of the Annual General Meeting of Shareholders held on June
27, 2002 |
(1) |
Type of shares to be repurchased: |
Common stock of NIPPONKOA Insurance Co., Ltd. |
(2) |
Total number of shares authorized for repurchase: |
(Not exceeding)
80 million shares |
(3) |
Total cost of shares authorized for repurchase: |
(Not exceeding)
40 billion yen |
| 2. Number and cost of stocks repurchased up to
January 24, 2003 : |
(1) |
Aggregate number of shares repurchased: Nil |
(2) |
Aggregate acquisition cost: Nil |
|
