Business News
Announcement of Buyback of Company Shares
Monday 03. November 2008 - Buyback of Company Shares Based on the Articles of Incorporation as Stipulated in paragraph 2, Article 165, of the Corporate Law
FUJIFILM Holdings Corporation (the “Company”) announced that its Board of Directors decided at its meeting of October 30, 2008, to conduct a buyback of the Companys shares as noted below, based on the stipulations of paragraph 3, Article 165, of Japans Corporate Law, as interpreted in the light of Article 156 of the Corporate Law.
1. Reason for the Buyback
The buyback will be conducted to increase the return to shareholders and improve capital efficiency as well as to enable the Company to implement a more flexible capital policy going forward, including the conduct of exchanges of shares.
2. Details of the Buyback
(1) Dates for purchase November 5, 2008, to January 16, 2009
(2) Total value of shares to be bought ¥35 billion (upper limit)
(3) Number of shares to be bought 17.5 million (upper limit)
(3.4% of total issued shares outstanding)
(4) Type of shares to be bought back Common stock
(5) Method of purchase Market purchases on the Tokyo Stock Exchange
(Reference)
The Company’s holdings of treasury stock as of September 30, 2008, were as follows
Total number of issued shares outstanding
(excluding treasury stock) 504,388,337 shares
Treasury stock 10,237,391 shares