May 13, 2021 | |
Company Name: | Shinwa Co., Ltd. |
Representative: | Hiroshi Yamada |
President and Representative Director | |
Stock exchange listing: | First Section of Tokyo Stock Exchange and |
Nagoya Stock Exchange (Code number: 3447) | |
Contact: | Mitsuyoshi Hirasawa |
Executive Officer and General Manager | |
of Administration Headquarters | |
(Tel: +81-584-66-4436) |
Notice Regarding Resolution on Matters Concerning Share Repurchase
(Share repurchase pursuant to the provisions of the Articles of Incorporation under the provisions of Article 459, paragraph (1) of the Companies Act)
Shinwa Co., Ltd. (hereinafter, the "Company") announced today that, at its board of directors meeting held on May 13, 2021, the Company had passed the following resolution on matters concerning share repurchase pursuant to the provisions of its Article s of Incorporation under the provisions of Article 459, paragraph (1) of the Companies Act.
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Reason for share repurchase
The Company will repurchase its shares to flexibly implement its capital policy in response to changes in the business environment and to return profits to its shareholders. - Share repurchase details
(1) | Class of shares to be | Shares of common stock |
repurchased | ||
(2) | Total number of shares | Up to 380,000 shares |
the Company is | ||
(2.69% of the total number of shares issued and outstanding [excl. treasury | ||
authorized to | ||
shares]) | ||
repurchase | ||
(3) | Total purchase price | Up to 300,000,000 yen |
(4) | Purchasing period | May 14, 2021 to August 31,, 2021 |
(5) | Purchasing method | Purchases on the Tokyo Stock Exchange |
(Reference) The Company's treasury stock holding as of March 31, 2021 | ||
Total number of shares issued and | ||
outstanding | 14,103,000 shares | |
(excl. treasury shares) | ||
Number of treasury shares | 0 | |