Nippon Paper Group, Inc. announces that it has implemented the market purchase detailed below for the acquisition of treasury stock in accordance with Article 211-3, Paragraph 1, Item 2 of the Commercial Code of Japan.
Further, this purchase has brought to completion the acquisition of treasury stock in accordance with the resolution approved at the meeting of the Board of Directors held on July 25, 2005.
Details
1. Purchase period: From October 3, 2005 to October 5, 2005 (on a contract basis)
2. Number of shares purchased: 2,506 shares
3. Total purchase price for the shares: 1,024,615,000 yen
4. Purchase method: Market purchase on the Tokyo Stock Exchange
Reference
(1) Details of resolution at a meeting of the Board of Directors held on July 25, 2005
Class of shares to be acquired: Common stock
Total number of shares to be acquired: A maximum of 30,000 shares
Total acquisition price for the shares: A maximum of 13,000,000,000 yen
Acquisition period: From August 1, 2005 to February 28, 2006
(2) Aggregate number of shares of treasury stock purchased from the date of the resolution at the meeting of the Board of Directors above to October 5, 2005
Number of shares purchased: 30,000 shares
Total purchase price for the shares: 12,318,802,000 yen