Yamaha Corporation (Yamaha, the Company) announces that today it conducted an acquisition of its own shares, as announced yesterday (May 14, 2008), as follows.
1.Reason for the Acquisition
To enhance the return to shareholders of Yamaha shares following the sale in May 2007 of a portion of Yamaha’s shares held in Yamaha Motor Co., Ltd.
2.Class of Shares Acquired
Yamaha’s common shares
3.Total Number of Shares Acquired
4,603,200 shares
4.Acquisition Price
¥1,941 per share (Total amount for shares acquired: ¥8,934,811,200)
5.Date of Acquisition
May 15, 2008 (Thursday)
6.Method of Acquisition
Through the off-hours trading system of the Tokyo Stock Exchange for own share acquisitions
Supplementary Information:
Class of shares to be acquired | Yamaha’s common shares |
---|---|
Total number of shares to be acquired | 10 million (upper limit) |
Total amount of shares to be acquired | ¥18.0 billion (upper limit) |
Progress toward acquisition as of May 15, 2008: | |
>Number of shares acquired | 4,603,200 shares |
>Amount paid for shares acquired | ¥8,934,811,200 |
For further information, please contact
Yamaha Corporation
Corporate Communications Division, Public Relations Group
- TEL. +81-3-5488-6601
- FAX. +81-3-5488-5060
Visit Yamaha's website at
http://www.yamaha.com/