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Lawson Stock Repurchases on Open Market |
| 2004/11/15 |
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| Lawson, Inc. wishes to serve notice that it repurchased stock today by the following method under Article 211, Clause 3, Section 1-2 of the Japanese Commercial Code. Lawson announced its intention to repurchase its own shares in a separate release issued on November 12. |
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1. Reason for Proposal
This move will give Lawson greater flexibility in pursuing financial strategies and improve capital efficiency.
2. Type of Shares
Lawson common stock
3. Total Number of Shares Repurchased
254,500 shares
4.Total Value of Shares Repurchased
3,620 yen
5. Date of Repurchase
November 15, 2004
6. Method of Repurchase
Lawson place a buy order for its common stock on the Tokyo Stock Exchange via ToSTNeT-2 (Tokyo Stock Exchange Trading Network System; closing price orders)
Reference : Authorization for the repurchase of shares (announced on June 10, 2004)
• Type of shares to be repurchased: Lawson common stock
• Total number of shares authorized for repurchase: Up to 2,500,000 shares
• Total value of shares authorized for repurchase: Up to 10,000,000,000 yen
*Treasury stock repurchased through November 15, 2004
• Total number of shares repurchased: 1,654,500 shares
• Total value of shares repurchased: 6,833,432,000 yen
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