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Apr 28, 2008
Matsushita to Execute Own Share Repurchase
Osaka, Japan, April 28, 2008 -- Matsushita Electric Industrial Co., Ltd. [NYSE symbol: MC], best known for its Panasonic brand, announced that its Board of Directors today resolved to repurchase its own shares, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
1. Reason for Share Repurchase
This resolution is a part of continuing efforts to enhance shareholder value per share and profitability of capital.
2. Details of Share Repurchase
|1)||Class of shares: Common stock|
|2)||Aggregate number of repurchasable shares: Up to 50 million shares
(2.0% of the total number of shares issued)
|3)||Aggregate repurchase amount: Up to 100 billion yen|
|4)||Period of repurchase: From April 30, 2008 to late March 2009|
Total number of shares issued and treasury stock as of March 31, 2008:
- Total number of shares issued (excluding treasury stock): 2,101,117,156 shares
- Treasury stock: 351,936,341 shares
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