Nissan announces acquisition of its own shares

YOKOHAMA, Japan – Following the resolution of the Board of Directors on September 26, 2024, Nissan Motor Co., Ltd. (Nissan) announced the acquisition of its own shares from Renault S.A. (Renault) and the cancellation of its own shares under the provision of Article 165(3) and Article 178 of the Companies Act respectively.

Nissan has received a notice from Renault offering to sell a part of Nissan shares (the “Offered Shares”) which are held in a French trust, and has decided to acquire 195,473,600 shares, which correspond to all the Offered Shares except the shares less than one unit, by making use of its right of first offer as agreed with Renault under the New Alliance Agreement. Nissan has decided to cancel all the acquired shares.

The transaction will be funded using Nissan’s net cash position. This decision is in line with Nissan’s commitment to enhancing shareholder returns and capital efficiency whilst maintaining the necessary financial resources to deliver Nissan’s business plans.

1. Details of share acquisition

Note 1: No change will be made to the number of shares specified above. Note, however, that part or all of the acquisition may not be carried out depending on market trends and other factors.

Note 2: The purchase will be made on the basis of sell orders corresponding to the number of shares scheduled to be acquired.

Note 3: Renault S.A., a shareholder of Nissan, has notified Nissan of its intention to offer the number of shares stated under “Total number of shares to be acquired” held in a French trust for the repurchase.

2. Details of share cancellation

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