Toagosei Co., Ltd. TSE:4045
Toagosei : Announces Determination of Matters Regarding Treasury Stock Acquisition
Source: MarketScreener
February 10, 2023 | |
Company name: Toagosei Co., Ltd. | |
Code number | : 4045 |
Representative : Mikishi Takamura, President | |
Contact | : Akihiko Matsuda, General Manager |
Corporate Communication Dep. | |
E-mail address: irpr＠ toagosei.co.jp |
Toagosei Co., Ltd. Announces Determination of Matters Regarding Treasury Stock Acquisition (Treasury stock acquisition based on regulations of the Articles of Incorporation pursuant to provisions of Article 165, Paragraph 2 of the Companies Act)
Toagosei Co., Ltd. hereby announces that it has resolved at its Board of Directors meeting held on February 10, 2023 to acquire its treasury stock, in accordance with provisions of Article 156 of the Companies Act, as applied by replacing terms pursuant to the provisions of Article 165, Paragraph 3 of the said Act. The details are as follows.
1. Reasons for Treasury Stock Acquisition
The company shall acquire its treasury stock with the aim of strengthening returns to shareholders, improving capital efficiency, raising the corporate value and implementing flexible capital policies.
2. Details of Matters Regarding the Acquisition | |
(1) Type of stock to be acquired | Common stock of the company |
(2) Total number of shares that | 6,000,000 shares |
can be acquired | (4.95% of total number of shares issued [excluding |
treasury stock]) | |
(3) Total acquisition cost | 6.0 billion yen |
(4) Acquisition period | February 13, 2023 to December 31, 2023 |
(5) Acquisition method | Market purchase on the Tokyo Stock Exchange |
(Based on a discretionary investment agreement and | |
through share repurchase by extended-hours trading) |
(Reference) Number of treasury stock held as of December 31, 2022 | |
Total number of shares issued (excluding treasury stock) | 121,105,217 shares |
Number of treasury stock | 994,783 shares |