Notice: This document is a translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
May 24, 2022
Company name: Iida Group Holdings Co., Ltd.
Representative: Masashi Kanei, President and Representative Director
Stock code: 3291, Tokyo Stock Exchange (Prime Market)
For inquiry: Hiroshi Nishino, Executive Board Director and Representative Director(Tel: +81-422-38-8828)
Notice: Decision on Matters Pertaining to Share Repurchase and Cancellation of Treasury Shares
(Repurchase based on the rules stipulated in the Articles of Incorporation under Article 165, Item 2 of the
Companies Act and cancellation pursuant to Article 178 of the Companies Act)
Iida Group Holdings Co., Ltd. (hereafter "the Company") announces that it decided at the Board of Directors' meeting held on May 24, 2022, to repurchase its own shares based on Article 156 of the Companies Act as applied pursuant to Article 165, Item 3 of the same Act, and cancel treasury shares pursuant to Article 178 of the Companies Act.
1.Reason for the share repurchase and the cancellation of treasury shares
The Company will start the above mentioned repurchase of its own shares and the cancellation of treasury shares to improve capital efficiency and enhance return to shareholders.
2.Details of the repurchase
(1) | Class of shares for the | Common shares of the Company |
repurchase | ||
(2) | Limit of the number of | 8 million shares |
shares for the repurchase | (Ratio to the total number of issued shares, excluding treasury shares: 2.77%) | |
(3) | Total value of the | ¥20 billion |
repurchase | ||
(4) | Period of the repurchase | From May 25, 2022 to May 24, 2023 |
(5) | Method of the repurchase | Market purchase in Tokyo Stock Exchange |
※The Company plans to retire all the shares repurchased.
3.Details of the cancellation
(1) | Class of shares for the | Common shares of the Company |
cancellation | ||
(2) | The number of shares for | 6,052,582 shares |
the cancellation | (Treasury shares the Company held as of March 31, 2022) | |
(3) | Scheduled date for the | June 10, 2022 |
cancellation | ||
(Ref.)The number of treasury shares as of March 31, 2022 | ||
Total number of issued shares | 288,379,057 shares | |
(excluding treasury shares) | ||
Number of treasury shares | 6,052,582 shares | |
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Disclaimer
Iida Group Holdings Co. Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:12:22 UTC.