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Apr 30, 2003
Announcement Regarding Setting of Stock Repurchase Limit
The meeting of the Board of Directors of Tokyo Electron Limited held today voted to propose a limit for stock repurchase program based on Article 210 of Japanese Commercial Code to the Fiscal Year 2003 (the 40th FY) Annual Shareholders Meeting planned to be held on June 20 2003.
| 1. Reason of repurchase: |
Enable implementation of flexible and swift investment policy responding to business environment. |
| 2. Detail: |
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| (1) |
Kind of stock to be acquired: |
Common stock |
| (2) |
Total number of shares to be acquired: |
Not more than 5,000,000 shares
(2.8% of total issued shares) |
| (3) |
Total value of stock to be acquired: |
Not more than 30 billion yen |
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*Note: Above stock repurchase limit requires approval at the Fiscal Year 2003 (the 40th FY) Annual Shareholders Meeting planned to be held on June 20 2003 for actual implementation. Above information is concerning to the period by the end of Fiscal Year 2004 (the 41st FY) Annual Shareholders Meeting. |
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