Takeda Announces Completion of Acquisition of Own Shares
(Pursuant to the provision of its Articles of Incorporation in accordance with Article 459, paragraph 1 of the Companies Act of Japan)
OSAKA, JAPAN--(Business Wire / Korea Newswire) April 14, 2022 -- Takeda Pharmaceutical Company Limited (TOKYO:4502/NYSE:TAK) (“Takeda”) today provided an update on the status and announced the completion of the acquisition of its own shares, which has been carried out pursuant to the provision of its Articles of Incorporation in accordance with Article 459, paragraph 1 of the Companies Act of Japan, based on the resolution of the Board of Directors’ meeting held on October 28, 2021.
Details of the acquisition of shares is below.
Shares acquired in April 2022:
1. Class of shares acquired: Shares of common stock
2. Number of shares acquired: 6,907,500 shares
3. Acquisition cost of shares acquired: JPY 24,992,962,200
4. Period of acquisition: From April 1, 2022 to April 12, 2022(execution base)
5. Method of acquisition: Open-market repurchase through a trust bank
Accumulated shares acquired through April 12, 2022, pursuant to the resolution of the Board of Directors’ meeting held on October 28, 2021:
1. Number of shares acquired: 29,376,900 shares
2. Acquisition cost of shares acquired: JPY 99,965,661,000
Details of the resolution at the Board of Directors’ meeting held on October 28, 2021
(1) Class of shares to be acquired: Shares of common stock
(2) Total number of shares to be acquired: Up to 35 million shares (equivalent to 2.23% of the total number of shares outstanding excluding treasury shares)
(3) Total acquisition cost of shares to be acquired: Up to JPY 100 billion
(4) Schedule of acquisition: From November 2, 2021 to April 29, 2022
(5) Method of acquisition: Open-market repurchase through a trust bank
About Takeda Pharmaceutical Company Limited
Takeda Pharmaceutical Company Limited (TOKYO: 4502/NYSE: TAK) is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to discover and deliver life-transforming treatments, guided by our commitment to patients, our people and the planet. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Genetics and Hematology, Neuroscience, and Gastroenterology (GI). We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people’s lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries and regions. For more information, visit https://www.takeda.com.
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Takeda Pharmaceutical Company Limited
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