Message #28 From:
Stock News Bot Date: November 21, 2006 06:55:00 AM
MC News Matsushita Electric Executes Own Share Repurchase
OSAKA, Japan--(BUSINESS WIRE)--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 former Japanese Commercial Code, which
applies pursuant to Article 81 of “the Law for
Maintenance of Relevant Laws Relating to the Enforcement of the Company
Law.”
Details of the share repurchase are as follows:
1. Class of shares: Common stock
2. Period of repurchase: Between October 30, 2006 and November 21, 2006
3. Aggregate number of shares repurchased: 8,533,000 shares
4. Aggregate repurchase amount: 19,998,215,000 yen
5. 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 April 28, 2006:
Class of shares: Common stock
Aggregate number of repurchasable shares: Up to 50 million shares
Aggregate repurchase amount: Up to 100 billion yen
2) Cumulative total of shares repurchased since the April 28, 2006 Board
of Directors resolution through today:
Aggregate number of shares repurchased: 32,375,000 shares
Aggregate repurchase amount: 79,994,020,000 yen
(Reference 2)
The number of shares issued and treasury stock as of September 30, 2006:
Total number of shares issued (excluding treasury stock):
2,192,915,563 shares
