Open House Group Co. Ltd TSE:3288
Open House : Notice Regarding the Amendment of Cancellation of Treasury Shares
Source: MarketScreener
[Translation for Reference Purpose Only]
August 12, 2022
To All Concerned Parties
Company Name: | Open House Group Co., Ltd. |
Representative: | Masaaki Arai, President and CEO |
Securities code: | 3288, TSE |
Contact: | Kotaro Wakatabi, Senior Managing Director and CFO |
Notice Regarding the Amendment of Cancellation of Treasury Shares
Open House Group Co., Ltd. (the "Company") had resolved at the Board of Directors meeting held on May 13, 2022 to cancel its treasury shares in accordance with Article 156 of the Companies Act, applied following the deemed replacement of terms pursuant to the provisions of Article 165, paragraph 3 of the same Act. However, the Company hereby announces that at the Board of Directors meeting held today, the Company has resolved to partially amend the cancellation of treasury shares, as detailed below.
1. Details and amendment of the cancellation of treasury shares | (Underlining the amendment) | |||
Resolved on May 13, 2022 | Resolved on August 12, 2022 | |||
(Before amendment) | (After amendment) | |||
(1) | Type of shares to be cancelled | Common shares | Common shares | |
All shares acquired | ||||
pursuant to the resolution | ||||
(2) | Number of shares to be cancelled | approved at the Board of | 5,796,800 shares | |
Directors meeting held on | ||||
May 13, 2022 | ||||
(3) | Scheduled date of cancellation | September 30, 2022 | August 31, 2022 |
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(References)
1. Details of the resolution approved at the Board of Directors meeting held on May 13, 2022
(1) | Type of shares to be acquired | Common shares |
(2) | Total number of shares to be acquired | 7,500,000 shares (maximum) |
(5.94% of total number of shares outstanding) | ||
(3) | Total amount for share acquisition | ¥ 30 billion (maximum) |
(4) | Acquisition period | May 16, 2022 to September 30, 2022 |
(5) | Acquisition method | (i) Purchases through Off-Auction Own Share |
Repurchase Trading (ToSTNeT-3) of the Tokyo | ||
Stock Exchange |
- Open market purchases on the Tokyo Stock Exchange
2. Total number and value of shares to be acquired pursuant to the above resolution of the Board of Directors
(1) | Total number of shares to be acquired | 5,796,800 shares |
(2) | Total cost of shares to be acquired | ¥ 29,999,898,000 |
3. Details of cancellation of shares pursuant to the above resolution of the Board of Directors
(1) | Type of shares to be cancelled | Common shares |
(2) | Number of shares to be cancelled | Total number of shares acquired through 1. above |
(3) | Scheduled date of cancellation | September 30, 2022 |
4. Total number of shares after the cancellation
Total number of issued shares | 120,487,900 shares |
Number of treasury shares | 3,485 shares* |
*The shares are not included in the number of shares to be acquired pursuant to the resolution approved at the Board of Directors meeting held on May 13, 2022.
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