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February 2, 2005 |
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To: Concerned parties |
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Company: I-Net Corporation
Name and title of representative: Noriyoshi Ikeda, President
(Code 9600, Tokyo Stock Exchange, Second Section)
Contact: Kimio Ichikawa
Director and Manager, Finance and Accounting Department
Telephone: 045-682-0801 |
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Notification of Open Market Purchase of Treasury Stock
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I-Net Corporation hereby announces the open-market purchase of treasury stock pursuant to Article 210 of the Commercial Code, as described below. |
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| 1. Purchase period |
January 4 - 31, 2005 (based on trade date) |
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| 2. Number of shares to be purchased |
27,500 |
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| 3. Total value of the shares |
￥18,581,200 |
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| 4. Purchase method |
Purchase through the Tokyo Stock Exchange |
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| Reference 1 |
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Content of resolutions at the regular General Meeting of Shareholders convened on June 24, 2004: |
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* Type of stock to be acquired |
I-Net Corp. common shock |
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* Total number of shares to be purchased |
1,000,000 |
(maximum) |
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* Total acquisition value of the shares |
￥800,000,000 |
(maximum) |
| Reference 2: |
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Cumulative total shares of treasury stock purchased through February 28, 2005 |
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* Number of shares: |
207,500 |
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* Total value: |
￥146,081,800 |
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