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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: Momosuke Ozuku, General Manager, Office of Financing and Accounting
Tel: +81-6-6441-8821
Kansai Electric Power Co., Inc. (the Company) announces that at the meeting of the Board of Directors held today, the Company resolved the purchase of its own shares pursuant to Article 156 of the Company Law of Japan as applied pursuant to Article 165, Paragraph 3.
1. Purpose of share-buyback
The share-buyback program will enable the Company to raise shareholders'
value and enhance capital efficiency.
2. Outline of share-buyback
| (1) |
Class of shares to be repurchased: |
Kansai Electric ordinary shares |
| (2) |
Maximum number of shares: |
8,000,000 shares
(Representing 0.8% of total outstanding shares)
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| (3) |
Maximum amount of repurchase: |
20,000 million yen |
| (4) |
Repurchase schedule |
From November 1, 2007 to December 28, 2007 |
(Reference)Number of treasury stock held as of September 30, 2007
| Total outstanding shares (excluding treasury stock): |
926,396,632 shares |
| Number of treasury stock: |
36,302,096 shares |
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