|
Tokyo, June 5, 2002 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) proposes
the authorization of the acquisition by the Company of its own shares
to the Ordinary General Meeting of Shareholders to be held on June
26, 2002, for the purpose of implementing flexible capital policy.
The proposal is pursuant to the provisions of Article 210 of the
Commercial Code of Japan and the Company shall be authorized to acquire
shares of its common stock, not exceeding 300 million shares, for
the aggregate prices not exceeding 300 billion yen during the period
from the close of this Ordinary General Meeting of Shareholders to
the close of the next Ordinary General Meeting of Shareholders.
The specific acquisition plan based on the authorization by the Ordinary
General Meeting of Shareholders will be considered in the future from
the view of the business plan, financial condition and so on.
|
