This is to inform you that, in accordance with the provisions of Article 210 of the Commercial Code of Japan, the Board of Directors of Kuraray Co., Ltd. on February 25, 2003 made a resolution for the purchase of the Company's own shares based on a resolution of the Ordinary General Meeting of Shareholders held on June 27, 2002.
Description of Resolution
- 1. Type of shares to be acquired
- common stock of Kuraray Co., Ltd.
- 2. Maximum number of shares allowed for acquisition
- 7,000,000 shares
- 3. Maximum allowable purchase value
- 5.3 billion yen
- 4. Purchasing method
- ordinary market transaction
- 5. Purchasing period
- from February 26, 2003 to April 25, 2003
1. Details of the said resolution of the Ordinary General Meeting of Shareholders held on June 27, 2002
- (1) Type of shares to be acquired
- common stock of Kuraray Co., Ltd
- (2) Maximum number of shares allowed for acquisition
- 30,000,000 shares
- (3) Maximum allowable purchase value
- 30 billion yen
2. Number of common stock having been acquired from June 27, 2002 up to February 25, 2003.
- (1) Aggregate number of shares acquired
- 3,000,000 shares
- (2) Aggregate amount of acquisition
- 2,181,571,000 yen