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The Kansai Electric Power Co., Inc. (Code: 9503)
6-16 Nakanoshima 3-chome, Kita-ku, Osaka
(URL http://www.kepco.co.jp)
Company Representative: Shosuke Mori, President and Director
Contact: Yasushi Sugimoto, General Manager, Office of Financing and Accounting
Tel: +81-6-6441-8821
Kansai Electric Power Co., Inc. (the Company) announces that the board of directors today passed a resolution purchasing its own shares pursuant to Article 211-3, Paragraph 1, Item 2 of Japanese Commercial Code.
1. Purpose of share-buyback
The share-buyback program will enable the Company to adopt timely and flexible capital policy measures in response to change in the business environment.
2. Outline of share-buyback
| (1) |
Class of shares to be repurchased : |
Kansai Electric ordinary shares |
| (2) |
Maximum number of shares: |
5,750,000 shares
(Representing 0.6% of total outstanding shares)
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| (3) |
Maximum amount of repurchase: |
15,000 million yen |
| (4) |
Repurchase schedule |
From November 9, 2005 to December 28, 2005 |
(Reference)Number of treasury stock held as of September 30, 2005
| Total outstanding shares (excluding treasury stock): |
932,781,310 shares |
| Number of treasury stock: |
29,917,418 shares |
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