kuraray


News Releases 2003

Notice of Acquisition of Its Own Shares
(Purchase of its own shares pursuant to Article 210 of the Commercial Code)

May.13, 2003
Kuraray Co., Ltd.

Kuraray Co., Ltd. resolved at a meeting of its Board of Directors held on May 13, 2003 to propose the purchase of its own shares pursuant to Article 210 of the Commercial Code for resolution at the Ordinary General Meeting of Shareholders scheduled to be held on June 26, 2003 as follows :

1. Background for Acquiring Its Own Shares

The Company will purchase its own shares pursuant to Article 210 of the Commercial Code in order to carry out flexible capital policies which meet the changes in the business environment.

2. Details of Acquisition

  • (1) Type of shares to be acquired: shares of common stock
  • (2) Total number of shares to be acquired: 30 million shares (maximum)
  • (3) Total purchase price of shares: 30 billion yen (maximum)

The foregoing statement shall be subject to the resolution at the 122nd Ordinary General Meeting of Shareholders of the Company scheduled to be held on June 26, 2003.