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January 13, 2005
Results of Stock
Repurchase from the Market |
To whom it may concern:
NIPPONKOA Insurance Co., Ltd.
President: Ken Matsuzawa
This is to announce that NIPPONKOA Insurance Co.,
Ltd. has repurchased its own shares from the market as follows, pursuant to the provisions
of Article 211-3, Section 1, Paragraph 2 of the Commercial Code of Japan. This completes
the series of repurchase authorized by the resolution of the meeting of the Board of
Directors held on December 10, 2004.
- Repurchase period: From December 27, 2004 to January 12, 2005
- Number of shares repurchased: 1,758,000 shares
- Total amount of repurchase: 1,216,763,000 yen
- Method of repurchase: Purchased at the Tokyo Stock Exchange
(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
10,000,000 shares
(3)Total cost of shares authorized for repurchase: Up to 7.5
billion yen
2. Number and cost of stocks repurchased up to January 12, 2005 :
(1) Aggregate number of shares repurchased:
10,000,000 shares
(2) Aggregate acquisition cost: 6,557,579,000 yen
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