Notice Regarding the Acquisition of Own Shares and Cancellation of Treasury Shares
(Acquisition of own shares pursuant to the provisions of Article 165 (2), of the Company Law and
Cancellation of treasury shares pursuant to the provisions of Article 178 of the Company Law)
To whom it may concern,
Company Name: Konica Minolta, Inc.
Representative: Shoei Yamana, President and CEO
Stock Exchange Listing: Tokyo (First Section)
Local Securities Code Number: 4902
Contact: Yuki Kobayashi, General Manager, CSR, Corporate Communications & Branding Division
Tel: (81) 3-6250-2100
Tokyo (July 30, 2014) - At the Board of Directors meeting held on July 30, 2014, Konica Minolta, Inc. (the “Company”) approved the item related to the acquisition of own shares based on Article 156 of the Company Law, which is applicable in accordance with Article 165, Paragraph 3 of the same law as well as the cancellation of treasury shares based on Article 178 of the same law. Details follow.
1. Reason for Acquisition of Own Shares and Cancellation of Treasury Shares
The Company decided to acquire its own shares and cancel its treasury shares with the aim of shareholders' benefit, improving capital efficiency and ensuring a flexible capital policy.
2. Details of the Acquisition of Own Shares
| (1) Type of shares to be acquired | Common shares |
|---|---|
| (2) Number of shares to be acquired | Limited to 10 million (2.0% of the total number of outstanding shares (excluding treasury shares)) |
| (3) Total value of shares to be acquired | Limited to ¥10 billion |
| (4) Acquisition period | July 31, 2014 to October 31, 2014 |
| (5) Method of acquisition | Discretionary trading by a securities company |
3. Details of the Cancellation of Treasury Shares
| (1) Type of shares to be canceled | Common shares |
|---|---|
| (2) Number of shares to be canceled | 20 million (3.8% of the total number of issued shares prior to cancellation (including treasury shares)) |
| (3) Number of issued shares after cancellation | 511,664,337 shares |
| (4) Planned date of cancellation | August 29, 2014 |
Note: Treasury shares as of June 30, 2014
| Total number of issued shares | 531,664,337 shares |
|---|---|
| Total number of treasury shares | 21,097,704 shares |
| Total number of outstanding shares (excluding treasury shares) | 510,566,633 shares |