Just Translation
August 5, 2022 | |
Company name | BeNext-Yumeshin Group.Co. |
Name of Representative | Yutaka Nishida, |
Chairman and Representative Director, CEO | |
(Code:2154 1st Section of TSE) | |
Contact | Hiroshi Sato, |
Board Director, CFO | |
Telephone Number | 03-6672-4181 |
Notice of Decision on Matters Related to Acquisition of Treasury Stock
(Acquisition of treasury stock pursuant to the provisions of the articles of incorporation pursuant to the provisions of
Article 165, paragraph 2 of the Companies Act)
We hereby announce that at the Board of Directors meeting held today, we have resolved to repurchase our own shares as follows in accordance with Article 156 of the Companies Act, which is applicable to us in replacement with the provisions of Article 165-3 of the Companies Act.
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Reason for Conducting the Share Repurchase
In order to strengthen shareholder returns and improve capital efficiency as part of the capital policy in the medium-term management plan - Details of Acquisition
（１） Type of shares | Shares of our common stock |
（２） Number of shares to be acquired | Up to 3 million shares |
(3.4% of the total number of issued shares (excluding treasury stock)) | |
（３） Total value of shares repurchased | Up to 4 billion yen |
（４） Acquisition period | After allotment of the restricted stock to eligible Directors until 30 |
June 2023 |
*The allocation of restricted stock to directors is scheduled to be resolved by the Board of Directors after the Shareholder meeting.
(Reference) Holdings of treasury stock as of June 30, 2022
Total number of issued shares (excluding treasury stock) 88,635,571 shares
Treasury stock | 2,644,548 shares |