December 15, 2004
Notice of Buy
Order to Repurchase Own Shares through ToSTNeT-2 |
To whom it may concern:
NIPPONKOA Insurance Co., Ltd.
President: Ken Matsuzawa
We hereby inform you that NIPPONKOA Insurance Co., Ltd. has decided the
specific method to repurchase its own shares pursuant to the provisions of Article 211-3,
Section 1, Paragraph 2 of the Commercial Code of Japan as follows:
- Repurchase Method
At 8:45 a.m. on December 16, 2004, NIPPONKOA Insurance Co., Ltd. will
place a buy order on ToSTNeT-2 of the Tokyo Stock Exchange at Yen 648 per share, the
closing price on December 15, 2004. (No other transaction systems or times will be
involved.) The buy order will be limited to 8:45 a.m.
- Details of Repurchase
(1) Type of shares to be
repurchased: |
|
Common stock of NIPPONKOA Insurance Co., Ltd. |
(2) Number of shares to be
repurchased: |
|
8,500,000 shares |
(Note 1) |
No change will be made in the number of shares to be repurchased.
However, some or all of the number of shares specified in the buy order may not be
repurchased depending on the market conditions and other factors. |
(Note 2) |
The specified number of shares will be repurchased on the basis of
corresponding sell orders. |
- Announcement of Results of Repurchase
The results of the repurchase will be announced after the close of repurchase
time of 8:45 a.m. on December 16, 2004.
(Reference)
1. Contents of the resolution of the meeting of the Board of Directors
held on December 10, 2004 (announced on December 10, 2004):
| (1) Type of shares to be repurchased: |
|
Common stock of NIPPONKOA Insurance Co., Ltd. |
| (2) Total number of shares authorized for repurchase: |
|
Up to 10 million shares |
| (3) Total cost of shares authorized for repurchase: |
|
Up to 7.5 billion yen |
Number and cost of stocks repurchased up to December 15, 2004 :
| (1) Aggregate number of shares repurchased: Nil |
(2) Aggregate acquisition cost: Nil |
|
