Translation
Notice: This document is an excerpt 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.
February 17, 2022
Company Name: OHBA CO., LTD.
Representative: Shigeru Tsujimoto, Representative Director & President
(Code: 9765, First Section of the Tokyo Stock Exchange)
Contact: Hirofumi Katayama, Senior Executive Officer (Tel. 03-5931-5888)
Notice of Cancellation of Treasury Stock
(Cancellation of treasury stock in accordance with Article 178 of the Companies Act)
At the Board of Directors meeting held on February 17, 2022, we have resolved to cancel treasury stock as follows, in accordance with Article 178 of the Companies Act.
- Reasons for Cancellation: Cancellation of treasury stock since the holding of treasury stock has reached approximately 10% of the total number of outstanding shares and the cancellation will contribute to a reduction of concerns about future dilution.
- Class of Shares to be Cancelled: Common Stock
- Number of Shares to be Cancelled: 500,000 shares
- Scheduled Cancellation Date: February 28, 2022
- Total Number of Outstanding Shares after Cancellation of Treasury Stock: 17,500,000 shares
(Reference) Treasury stock held as of January 31, 2022 Issued: 18,000,000 shares
Total Number of Issued Shares (excluding treasury stock): 16,201,353 shares
Number of Shares of Treasury Stock: 1,798,647 shares