Aug 06, 2008
Press Release
Matsushita Electric Executes Own Share Repurchase
Osaka, Japan, August 6, 2008 -- Matsushita Electric Industrial Co., Ltd. (MEI [NYSE symbol: MC]), best known for its Panasonic brand, announced that it has repurchased a portion of its own shares from the market in conformity with provisions of Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details of the share repurchase are as follows:
1. Class of shares: Common stock
2. Period of repurchase: Between July 30, 2008 and August 6, 2008
3. Aggregate number of shares repurchased: 6,470,000 shares
4. Aggregate repurchase amount: 14,999,155,000 yen
5. Method of repurchase: Shares were repurchased on the Tokyo Stock Exchange
| 1) | The following details were resolved at the Board of Directors meeting held on April 28, 2008: |
| ・Class of shares: Common stock | |
| ・Aggregate number of repurchasable shares: Up to 50 million shares | |
| ・Aggregate repurchase amount: Up to 100 billion yen | |
| ・Period of repurchase: From April 30, 2008 to late March 2009 | |
| 2) | Cumulative total of shares repurchased since the April 28, 2008 Board of Directors resolution through today: |
| ・Aggregate number of shares repurchased: 29,634,000 shares | |
| ・Aggregate repurchase amount: 69,996,935,000 yen |
(Reference 2)
| The number of shares issued and treasury stock as of June 30, 2008: | |
| ・Total number of shares issued (excluding treasury stock): 2,084,173,536 shares | |
| ・Treasury stock: 368,879,961 shares |
Media Contacts:
- Akira Kadota (Japan)
- International PR
- (Tel: +81-3-3578-1237)
- Panasonic News Bureau (Japan)
- (Tel: +81-3-3542-6205)
- Jim Reilly (U.S.)
- (Tel: +1-201-392-6067)
- Anne Guennewig (Europe)
- (Tel: +49-611-235-457)
Investor Relations Contacts:
- Kazuo Sasaki (Japan)
- Investor Relations
- (Tel: +81-6-6908-1121)
- Yoichi Nagata (U.S.)
- Panasonic Finance (America), Inc.
- (Tel: +1-212-698-1362)
- Hiroko Carvell (Europe)
- Panasonic Finance (Europe) plc
- (Tel: +44-20-7562-4400)
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