(Translation)
November 7,2024
To whom it may concern,
Company name: The Sumitomo Warehouse Co., Ltd.
Representative: Akihito Nagata, President
Security ID Code: 9303 (Prime Market of TSE)
Reference: Masaya Arakawa, General Manager,
Finance & Accounting Department Tel: +81-6-6444-1183
Notice of Acquisition of Treasury Shares and Retirement of Treasury Shares
(Acquisition of treasury shares based on Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan and retirement of treasury shares in accordance with Article 178 of the Act)
The Sumitomo Warehouse Co., Ltd. ("the Company") announced today that the Board of Directors resolved at the meeting held on November 7, 2024 to acquire Treasury Shares, pursuant to the provisions of Article 156 of the Companies Act, as applied pursuant to the provisions of Article 165, Paragraph 3 of the Act and also resolved to retire treasury shares in accordance with Article 178 of the Act.
1. Reason for the acquisition and retirement of treasury shares
To enhance shareholder returns and improve capital efficiency.
2. Details of share acquisition | ||
(1) | Type of shares to be acquired | Common shares of the Company |
(2) | Total number of shares to be acquired | 750,000 shares (maximum) |
(0.96% of total number of shares issued | ||
[excluding treasury shares]) | ||
(3) | Total amount of costs to be acquired | 2,500,000,000 yen (maximum) |
(4) Acquisition period | November 8, 2024 to March 24, 2025 | |
(5) Method of acquisition | Market purchase |
(Reference) Treasury shares held as of October 31, 2024 | |
Total number of shares issued (excluding treasury shares) | 78,044,063shares |
Total number of treasury shares | 1,203,252shares |
1
3. Details of share retirement | |
(1) Type of shares to be retired | Common shares of the Company |
(2) Total number of shares to be retired | All the common shares to be acquired pursuant |
to 2 above | |
(3) Scheduled date of retirement | March 31, 2025 |
- The exact number of shares to be retired will be announced after completion of the share acquisition pursuant to 2 above.
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