YOKOHAMA, Japan – Nissan Motor Co., Ltd. currently announced that a house of directors resolved a repurchase of a possess shares to raise lapse to shareholders, balancing a financial strength and needs deriving from destiny business strategies.
The association house of directors authorized a buyback of adult to 300 million shares of Nissan’s common stock, or adult to 400 billion yen in repurchase amount. The repurchase transaction is commencing from Feb 29, 2016 and is approaching to be executed until Dec 22, 2016.
There will be no element change in a change of shareholding with Renault nor impact on a governance of a Alliance.
Carlos Ghosn, boss and arch executive officer commented: “Return to shareholders is one of Nissan’s pivotal objectives. We took this preference deliberation a financial standing and opinion to invariably beget poignant giveaway money flow.”
Reference (Treasury batch hold as of Jan 31, 2016)
Total series of shares released (excluding book stock): 4,490,747,568 shares
Number of book stock: 29,967,544 shares
About Nissan Motor Co., Ltd.
Nissan is a tellurian full-line car manufacturer that sells some-more than 60 models underneath a Nissan, Infiniti and Datsun brands. In mercantile year 2014, a association sole some-more than 5.3 million vehicles globally, generating income of 11.3 trillion yen. Nissan engineers, manufactures and markets a world’s best-selling all-electric car in history, a Nissan LEAF. Nissan’s tellurian domicile in Yokohama, Japan manages operations in 6 regions: ASEAN Oceana; Africa, Middle East India; China; Europe; Latin America and North America. Nissan has a tellurian workforce of 247,500, and has been partnered with French manufacturer Renault underneath a Renault-Nissan Alliance given Mar 1999
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