Global News

February 01 2007

Announcement Regarding Terms for Sales of Treasury Stock

Suzuki Motor Corporation announced on January 30, 2007 that it has decided to sell a portion of its on treasury stock. Details are given below.

1.Details of Sales of Stock

  • (1)Type of Shares: Common shares of the Company
  • (2)Number of Shares: 9,591,000 shares
  • (3)Selling Price: 3,338 yen per share
      he selling price is the average closing price of common shares of the Company on the
      Tokyo Stock Exchange from January 4, 2007 to January 29, 2007.
      (Amounts less than one yen has been omitted.)
  • (4)Total Amount of Treasury Stock Sold: 32,014,758,000 yen
  • (5)Names of the Companies Sold to:
Nippon Steel Corporation 3,595,000 shares
JFE Steel Corporation 2,996,000 shares
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 1,000,000 shares
The Shizuoka Bank, Ltd. 1,000,000 shares
Mizuho Corporate Bank, Ltd. 1,000,000 shares
Total 9,591,000 shares

2.Purpose of the Sales

The sales of treasury stock is conducted for the purpose of enhancing the relationships with the respective business partners. Proceeds acquired upon this sales of treasury stock will be used for investment and loans for the group companies, etc.

3.Further Details

31st of January,2007
Public notice of Board resolution for the sales of treasury stock
19th of February,2007
Due date of Payment
(2)Number of Treasury Stock after the Sales: 91,699,062 shares The number of treasury stock does not reflect changes associated with purchases of less than one unit that took place on and after 1st of January, 2007.