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TOKYO, April 14, 2014 - Ajinomoto Co., Inc. (Ajinomoto Co.) announced today that it has executed a resolution of the board of directors from a meeting on February 14, 2014 concerning repurchase of shares based on Article 156 of the Corporation Law as applied pursuant to Article 165-3 of the same law, as outlined below.
Ajinomoto Co. also announced that it has used the total amount specified for purchase of shares based on the above resolution of the board of directors, thus completing the share repurchase program.
| 1. Class of shares | Common stock |
| 2. Total number of shares repurchased | 1,703,000 shares |
| 3. Total amount paid for repurchase | JPY 2,538,366,000 |
| 4. Period of share repurchase | April 1, 2014 to April 11, 2014 |
| 5. Method of repurchase | Purchase in the market through a trust bank |
For reference:
1.Details of the Resolution of the Board of Directors Meeting Held on February 14, 2014
(1) Class of shares | Common stock |
(2) Total number of shares to be repurchased | 30 million (maximum)
(4.91 percent of total shares outstanding, excluding treasury stock) |
(3) Total amount to be paid for repurchase | JPY 30.0 billion (maximum) |
(4) Period of share repurchase | February 17, 2014 to April 11, 2014 |
(5) Method of repurchase | Purchase in the market through a trust bank |
(6) Other | Ajinomoto Co. plans to retire all of the shares repurchased under this program by resolution of the board of directors, pursuant to Article 178 of the Corporation Law. |
2. Cumulative Number of Shares Repurchased Based on the Above Resolution of the Board of Directors
(1) Total number of shares repurchased | 19,645,000 shares |
(2) Total amount paid for repurchase | JPY 29,999,660,000 |
About Ajinomoto Co.
Ajinomoto Co. is a global manufacturer of high-quality seasonings, processed foods, beverages, amino acids, pharmaceuticals and specialty chemicals. For many decades Ajinomoto Co. has contributed to food culture and human health through wide-ranging application of amino acid technologies. Today, the company is becoming increasingly involved with solutions for improved food resources, human health and global sustainability. Founded in 1909 and now operating in 26 countries, Ajinomoto Co. had net sales of JPY 1,172.4 billion (USD 14.1 billion) in fiscal 2012. For more about Ajinomoto Co., (TYO: 2802), visit www.ajinomoto.com.
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