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| May 14, 2003 No.0944 | ||
| NOTICE OF PURCHASE OF TREASURY STOCK (Purchase of treasury stock in accordance with Article 210 of the Commercial Code) | ||||||
Tokyo, May 14, 2003 -- Mitsubishi Heavy Industries, Ltd. announced today that
the company is to request the authorization to purchase treasury stock to realize
flexible capital management. The company's management board meeting held today
has decided the following amount and price of treasury stock as the maximum to
be purchased during the period commencing from the closure of the annual general
meeting of shareholders scheduled for 26 June, 2003 and ending at the closure
of the next annual general meeting of shareholders. In accordance with the stipulations
of Article 210 of the Commercial Code, the request for the authorization to purchase
is to be submitted to the annual general meeting of shareholders to be held on
26 June, 2003 for its approval.
Subject to approval at the annual general meeting of shareholders, the decision of the purchase will be made by the company based on its further consideration of the future business planning and financial situation. # # #
About Mitsubishi Heavy Industries Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan is one of the world's leading global heavy machinery manufacturers, with fiscal 2001 (ended March 31, 2002) consolidated sales of 2,863 billion yen. MHI's diverse line-up of products and services encompasses shipbuilding, steel structures, power plants, chemical plants, steel plants, environmental equipment, and machinery for industrial and general use, aircraft, and space rocketry and air-conditioning systems. For more information, please visit the web site of MHI (http://www.mhi.co.jp) PRESS CONTACT: Chris Grams:cgrams@golinharris.com, or Goro Nagaoka: gnagaoka@golinharris.com Tel: +81-3-5721-2521, Fax: +81-3-5721-2591 Golin/Harris International (PR for Mitsubishi Heavy Industries) |
