Update:
Go here https://www.resetera.com/threads/ni...nd-cancelling-10m-shares.101211/post-18506463
Original:
Notice of Acquisition of Treasury Shares
To summarise, Nintendo is purchasing one million of its own common shares (0.83% of the total number of shares outstanding excluding treasury shares). The total amount of acquisition is up to 33,000,000,000 yen (~$298 million).
At the meeting of the Board of Directors held on February 22, 2019, Nintendo Co., Ltd. resolved to acquire its own shares pursuant to Article 156 and Article 165-3 of the Japanese Companies Act.
Reason for Acquisition:
To implement a flexible capital policy in accordance with changes in the business environment.
The Period of Acquisition:
From the business day immediately following the delivery date for the secondary offering of the common shares resolved at the meeting of the Board of Directors held on February 22, 2019 (i.e. from the seventh business day following the selling price determination date for the offering, which will fall on any day in the period from Monday, March 4, 2019 through Thursday, March 7, 2019) through Friday, April 12, 2019 *2
Note that:
*1 A part or all of the above-mentioned acquisition may not be performed depending on the market conditions and other reasons.
(Reference) Possession of treasury shares as of January 31, 2019
Number of shares outstanding excluding treasury shares 120,124,958 shares
Number of treasury shares 21,544,042 shares
(Note: That's 141,669,000 shares total.)
Notice of Cancellation of Treasury Shares
At the meeting of the Board of Directors held on February 22, 2019, Nintendo Co., Ltd. resolved to cancel a part of its own shares pursuant to Article 178 of the Japanese Companies Act.
1. Class of Shares to be Cancelled
Common shares
2. Number of Shares to be Cancelled
10,000,000 shares
3. Scheduled Date of Cancellation
Friday, March 29, 2019
(Reference)
Number of shares outstanding after cancellation 131,669,000 shares
____________
What does this mean?
Nintendo buys their own shares, share price goes up, their ownership of shares goes up.
Nintendo cancels their own shares, share price goes up, shareholders have more voting power.
Edit:
Notice on the Sale of Shares:
https://www.nintendo.co.jp/ir/pdf/2019/190222_1.pdf
Go here https://www.resetera.com/threads/ni...nd-cancelling-10m-shares.101211/post-18506463
Original:
Notice of Acquisition of Treasury Shares
To summarise, Nintendo is purchasing one million of its own common shares (0.83% of the total number of shares outstanding excluding treasury shares). The total amount of acquisition is up to 33,000,000,000 yen (~$298 million).
At the meeting of the Board of Directors held on February 22, 2019, Nintendo Co., Ltd. resolved to acquire its own shares pursuant to Article 156 and Article 165-3 of the Japanese Companies Act.
Reason for Acquisition:
To implement a flexible capital policy in accordance with changes in the business environment.
The Period of Acquisition:
From the business day immediately following the delivery date for the secondary offering of the common shares resolved at the meeting of the Board of Directors held on February 22, 2019 (i.e. from the seventh business day following the selling price determination date for the offering, which will fall on any day in the period from Monday, March 4, 2019 through Thursday, March 7, 2019) through Friday, April 12, 2019 *2
*2 said:
Note that:
*1 A part or all of the above-mentioned acquisition may not be performed depending on the market conditions and other reasons.
(Reference) Possession of treasury shares as of January 31, 2019
Number of shares outstanding excluding treasury shares 120,124,958 shares
Number of treasury shares 21,544,042 shares
(Note: That's 141,669,000 shares total.)
Notice of Cancellation of Treasury Shares
At the meeting of the Board of Directors held on February 22, 2019, Nintendo Co., Ltd. resolved to cancel a part of its own shares pursuant to Article 178 of the Japanese Companies Act.
1. Class of Shares to be Cancelled
Common shares
2. Number of Shares to be Cancelled
10,000,000 shares
3. Scheduled Date of Cancellation
Friday, March 29, 2019
(Reference)
Number of shares outstanding after cancellation 131,669,000 shares
____________
What does this mean?
Nintendo buys their own shares, share price goes up, their ownership of shares goes up.
Nintendo cancels their own shares, share price goes up, shareholders have more voting power.
Edit:
Notice on the Sale of Shares:
https://www.nintendo.co.jp/ir/pdf/2019/190222_1.pdf
Last edited:
