(Acquisition of Own Shares based on the Articles of Incorporation pursuant to the provisions of Article 165, Paragraph 2 of the Companies Act and Cancellation of Treasury Shares based on the provisions of Article 178 of the Companies Act)
Tokyo, Japan (October 30, 2020) – Daiichi Sankyo Company, Limited (hereafter, Daiichi Sankyo) today announced that the Board of Directors (hereafter, BOD) approved a resolution on October 30, 2020 to acquire its own shares based on the Articles of Incorporation pursuant to the provisions of Article 165, Paragraph 2 of the Companies Act. Daiichi Sankyo also announced that BOD decided on the same day to cancel its treasury shares pursuant to the provisions of Article 178 of the Companies Act. The details are as follows.
1. Reason for acquiring own shares
To enhance capital efficiency and to improve shareholder returns.
2. Details of acquisition
(1) Class of shares to be acquired: Ordinary shares of Daiichi Sankyo
(2) Total number of shares to be acquired: 60,000,000 shares (maximum);
3.1% issued shares (excluding treasury shares)
(3) Aggregate amount of acquisition cost: ¥100.0 billion (maximum)
(4) Acquisition period: From November 2, 2020 to March 23, 2021
(5) Acquisition method: Purchase on the Tokyo Stock Exchange
3. Details of the cancellation of treasury shares
(1) Class of shares to be cancelled: Ordinary shares of Daiichi Sankyo
(2) Number of shares to be cancelled: 180,000,000 shares
9.3% issued shares before cancelled (excluding treasury shares)
(3) Cancellation date: April 15, 2021
For Reference
Number of treasury shares held by Daiichi Sankyo as of September 30, 2020 (post-share split standard):
- Total number of issued shares (excluding treasury shares): 1,945,511,937 shares
- Number of treasury shares: 181,522,092 shares