TOKYO, Jan. 31, 2017 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ") (NASDAQ:IIJI) (TSE1:3774) announced today the results of repurchase of own shares conducted pursuant to Article 156 of the Corporation Law of Japan, as applied pursuant to Paragraph 3, Article 165 of the Corporation Law. This concludes repurchase of IIJ's own shares authorized at the meeting of IIJ’s Board of Directors held on November 4, 2016.
Status of repurchase of own shares from January 1, 2017 to January 31, 2017:
|1. Type of shares repurchased:||Common stock of IIJ|
|2. Period of share repurchase:||From January 1, 2017 to January 31, 2017|
|3. Aggregate number of shares repurchased:||290,100 shares|
|4. Aggregate price of shares repurchased:||JPY 520,850,200|
|5. Method of repurchase:||Open market purchase at the Tokyo Stock Exchange|
1. Resolution at the meeting of Board of Directors held on November 4, 2016:
|(1) Type of shares to be repurchased:||Common stock of IIJ|
|(2) Total number of shares to be repurchased:||Up to 950,000 shares|
|(3) Total amount to be repurchased:||Up to JPY 1,500,000,000|
|(4) Period of repurchase:||From November 7, 2016 to January 31, 2017|
|(5) Method of repurchase:||Open market purchase at the Tokyo Stock Exchange|
2. Results of share repurchase authorized at the meeting of IIJ’s Board of Directors held on November 4, 2016:
|(1) Total number of shares repurchased:||892,200 shares (As of January 31, 2017)|
|(2) Aggregate repurchased amount:||JPY 1,499,933,000 (As of January 31, 2017)|
This press release is published in order to publicly announce the status of the ongoing repurchase of IIJ’s own shares pursuant to the authorization at the meeting of IIJ’s Board of Directors held on November 4, 2016 and is not prepared for the purpose of soliciting investment or any similar act inside or outside of Japan.
Founded in 1992, Internet Initiative Japan Inc. is one of Japan's leading Internet-access and comprehensive network solutions providers. IIJ and its group companies provide total network solutions that mainly cater to high-end corporate customers. The company's services include high-quality systems integration and security services, Internet access services, and cloud computing services. Moreover, the company has built one of the largest Internet backbone networks in Japan that is connected to the United States, the United Kingdom, Singapore and Hong Kong. IIJ listed on NASDAQ in 1999 and on the First Section of the Tokyo Stock Exchange in 2006. For more information about IIJ, visit the IIJ Web site at http://www.iij.ad.jp/en/.
The statements within this release contain forward-looking statements about our future plans that involve risk and uncertainty. These statements may differ materially from actual future events or results. Readers are referred to the documents furnished by Internet Initiative Japan Inc. with the Securities and Exchange Commission, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.
Source:Internet Initiative Japan Inc.