| Lawson, Inc. has announced that its Board of Directors today approved the repurchase of treasury stock pursuant to Article 211, Clause 3, Section 1-2 of the Japanese Commercial Code. 1. Reason for Repurchasing Treasury Stock
This move will give Lawson greater flexibility in pursuing financial strategies and improving capital efficiency. 2. Details of Repurchase (1) Type of shares to be repurchased:Lawson common stock (2) Total number of shares authorized for repurchase: Up to 2,500,000 shares
(In a separate announcement today, Lawson announced plans to cancel treasury stock. The upper limit represents approximately 2.3% of the total number of shares issued before cancellation.) (3) Total value of shares authorized for repurchase: Up to \10.0 billion (4) Period of Repurchase: Before the next (30th) Ordinary General Meeting of Shareholders |
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