About Panasonic > IR Information > Relevant Press Releases > Matsushita Electric Executes Own Share Repurchase
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Relevant Press Releases
Nov
24, 2004
FOR IMMEDIATE RELEASE
Media Contact: Investor Relations Contacts:
Mike Kitadeya / Karl Takahashi (Japan) Ryuichi Tsuruta
International PR Investor Relations
(Tel: +81-6-6949-2293) (Tel: +81-6-6908-1121)
Yukitoshi Onda
Panasonic Finance (America), Inc.
(Tel: +1-212-698-1361)
Norio Iino
Panasonic Finance (Europe) plc
(Tel: +44-20-7562-4400)
Matsushita Electric Executes Own Share Repurchase
Osaka, Japan, November 24, 2004 -- Matsushita Electric Industrial Co., Ltd. (MEI [NYSE symbol: MC]), best known for its "Panasonic" brand, announced that it has repurchased a portion of its own shares from the market in conformity with provisions of Article 211-3, Paragraph 1, Item 2 of the Japanese Commercial Code.
Details of the share repurchase are as follows:
- Class of shares: Common stock
- Period of repurchase: Between October 29, 2004 and November 24,
2004
- Aggregate number of shares repurchased: 13,026,000 shares
- Aggregate repurchase amount: 19,998,507,000 yen
- Method of repurchase: Shares were repurchased on the Tokyo Stock Exchange
(Reference 1)
| 1) | The following details were resolved at the Board of Directors
meeting held on August 27, 2004: • Class of shares: Common stock • Aggregate number of repurchasable shares: Up to 80 million shares • Aggregate repurchase amount: Up to 100 billion yen |
| 2) | Cumulative total of shares repurchased since the August 27,
2004 Board of Directors resolution through today: • Aggregate number of shares repurchased: 32,930,000 shares • Aggregate repurchase amount: 49,996,772,000 yen |
(Reference 2)
The number of shares issued and treasury stock as of September 30, 2004:
• Total number of shares issued (excluding treasury stock): 2,304,526,376 shares
• Treasury stock: 148,527,121 shares
The number of shares issued and treasury stock as of September 30, 2004:
• Total number of shares issued (excluding treasury stock): 2,304,526,376 shares
• Treasury stock: 148,527,121 shares
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