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July 28, 2004
Notice Regarding the Buyback of Company Stock
Tokyo, July 28, 2004--- Honda Motor Co., Ltd. today announced its intention to
implement a tender offer for acquisition of its outstanding company stock, the
resolution for which was resolved as follows at the meeting of the Board of Directors
held on July 28, 2004 in accordance with Article 211-3, Paragraph 1, Item 2 of
the Commercial Code:
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1 |
Reason for the Acquisition of Company Stock: |
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Mainly to improve capital efficiency. |
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2 |
Details of the Acquisition: |
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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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7,500,000 shares
(Ratio to total shares of common stock issued and outstanding before retirement, which was announced separately today: 0.77%) |
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(3) |
Maximum amount of acquisition |
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30,000,000,000 yen |
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(4) |
Period of acquisition |
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From August 3, 2004 to October 15, 2004 |
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