About Panasonic > IR Information > Relevant Press Releases > Matsushita to Execute Own Share Repurchase
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About Panasonic
Relevant Press Releases
Feb 1, 2007
FOR IMMEDIATE RELEASE
Media Contacts: Investor Relations Contacts:
Akira Kadota (Japan) Makoto Mihara (Japan)
International PR Investor Relations
(Tel: +81-3-3578-1237) (Tel: +81-6-6908-1121)
Panasonic News Bureau (Japan) Akihiro Takei (U.S.)
(Tel: +81-3-3542-6205) Panasonic Finance (America), Inc.
(Tel: +1-212-698-1365)
Jim Reilly (U.S.)
(Tel: +1-201-392-6067) Hiroko Carvell (Europe)
Panasonic Finance (Europe) plc
Munetsugu Takeda (Europe) (Tel: +44-20-7562-4400)
(Tel: +49-611-235-305)
Matsushita to Execute Own Share Repurchase
Osaka, Japan, February 1, 2007 -- Matsushita Electric Industrial Co., Ltd. [NYSE symbol: MC], best known for its Panasonic brand, announced that its Board of Directors today resolved to repurchase its own shares, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
1. Reason for Share Repurchase
This resolution is a part of continuing efforts to enhance shareholder value per share and profitability of capital.
2. Details of Share Repurchase
| 1) | Class of shares: Common stock | |
| 2) | Aggregate number of repurchasable shares: Up to 25 million shares (1.0 % of the total number of shares issued) |
|
| 3) | Aggregate repurchase amount: Up to 50 billion yen | |
| 4) | Period of repurchase: From February 2, 2007 to March 30, 2007 |
(Reference)
| Total number of shares issued and treasury stock as of December 31, 2006: | ||
| ・ | Total number of shares issued (excluding treasury stock): 2,171,855,027 shares | |
| ・ | Treasury stock: 281,198,470 shares | |
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