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April 26, 2002
Notice of Tender Offer for Acquisition of Treasury Stock
Tokyo, April 26, 2002--- Honda Motor Co., Ltd. today announced its intention to
implement a Tender Offer for Acquisition of its Treasury Stock, which was resolved
at the meeting of the Board of Directors held on April 26, 2002 in accordance
with Clause 210 of the Commercial Code as follows:
1. Reason for the Acquisition of Treasury Stock:
To activate capital strategies complying with the diversifying business conditions.
2. Contents of the Acquisition: for the period from the resolution until the first
Ordinary General Meeting of Shareholders held after the subsequent fiscal year.
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(1) |
Type of shares to be acquired |
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Common stock of Honda Motor Co., Ltd. |
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(2) |
Maximum number of shares to be acquired |
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20,000,000 shares (2% of shares outstanding) |
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(3) |
Maximum amount of acquisition |
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100 billion yen |
Note:
The Tender Offer for Acquisition of Treasury Stock shall be subject to resolution
at the 78th Ordinary General Meeting of Shareholders to be held on June 25, 2002.
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