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January 16, 2004
Notice of Stock Repurchase
(Treasury stock acquisitions pursuant to Article 210 of the Commercial Code) |
To whom it may concern:
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, 2003:
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1. Type of shares to be repurchased: |
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Common stock of NIPPONKOA Insurance Co., Ltd. |
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2. Number of shares to be repurchased: |
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(Not exceeding) 10 million shares |
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3. Aggregate acquisition cost: |
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(Not exceeding) 7 billion yen |
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4. Method of acquisition: |
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Purchase at Tokyo Stock Exchange |
(Reference)
1. Contents of the resolution of the Annual General Meeting of
Shareholders held on June 27, 2003
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(1) Type of shares to be repurchased: |
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Common stock of NIPPONKOA Insurance Co., Ltd. |
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(2) Total number of shares authorized for repurchase: |
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(Not exceeding) 80 million shares |
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(3) Total cost of shares authorized for repurchase: |
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(Not exceeding) 35 billion yen |
2. Number and cost of stocks repurchased up to January 16, 2004 :
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(1) Aggregate number of shares repurchased: Nil |
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(2) Aggregate acquisition cost:
Nil |
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