|
Tokyo, November 11, 2004 -CSK CORPORATION ("CSK") announced
that at a Board of Directors meeting today it resolved to repurchase CSK shares
held by CSK subsidiary QUO CARD CO., LTD. ("QUO CARD"), pursuant to Article 211,
Clause 3, Section 1-1 of the Commercial Code.
Details
| 1. |
Name of subsidiary |
QUO CARD CO., LTD. |
| 2. |
Details of repurchase |
|
(1) |
Class of shares to be repurchased |
CSK ordinary shares |
|
(2) |
Number of shares to be repurchased |
5,900 shares |
(0.01% of shares outstanding) |
|
(3) |
Total share repurchase amount |
Approximately ¥26
billion |
|
(4) |
Planned date of repurchase |
November 30, 2004 |
| 3. |
Reason for repurchase |
|
CSK plans to repurchase ordinary
shares in CSK that were allocated to QUO CARD following a share swap with QUO
CARD on October 1, 2004. |
For
reference
Number of treasury shares held by CSK as of October 31,
2004:
| Total shares outstanding (excluding treasury stock) |
76,649,706 shares |
|
|
|
| Treasury shares |
42,201 shares |
|
|
|
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