Translation
Notice: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
January 20, 2025
Company name: SAKATA SEED CORPORATION
Name of Representative: Hiroshi Sakata
President and Representative Director (Securities code:1377, TSE Prime Market)
Inquiries:Takenori Hoshi Senior Executive Officer
Senior General Manager of General Administration Div.
General Manager of Finance Dept. (Telephone: +81-45-945-8800)
Notice Concerning Results of Acquisition of Own Shares Through Off-Auction Own Share
Repurchase Trading System (ToSTNeT-3) and Completion of Acquisition
SAKATA SEED CORPORATION (the "Company") hereby announces that, in line with the announcement made on January 17, 2025 concerning the acquisition of own shares, it has repurchased its own shares as described below.
The Company also announces that it has completed the acquisition of own shares based on the resolution at the meeting of the Board of Directors held on January 17, 2025.
1. | Reason for conducting acquisition of own shares | |
The Company has repurchased its own shares to enhance shareholder returns, improve capital | ||
efficiency and to carry out capital policy according to the business environment flexibly. | ||
2. | Details of acquisition | |
(1) | Class of | Common shares |
shares acquired | ||
(2) | Total number of | 600,200 shares |
shares acquired | ||
(3) | Total value of | ¥2,151,717,000 |
shares acquired | ||
(4) | Date of acquisition | January 20, 2025 |
(5) | Method of acquisition | Purchase through off-auction own share repurchase trading system |
(ToSTNeT-3) of the Tokyo Stock Exchange |
(Reference) Details of resolution concerning acquisition of own shares (released on January 17, 2025)
(1) | Class of | Common shares |
shares to be acquired | ||
(2) | Total number of | 700,000 shares (upper limit) |
shares to be acquired | (1.59% of total number of issued shares (excluding treasury shares)) | |
(3) | Total value of | ¥2,509,500,000 (upper limit) |
shares to be acquired | ||