(English Translation of the Japanese Press Release) | |
February 7, 2023 | |
To all related parties: | |
Name of the Company: | TOMY Company, Ltd. |
Name of the Representative: | Kazuhiro Kojima |
Representative Director, President & COO | |
(Code No. 7867; Prime Market of the Tokyo Stock Exchange) | |
Further Inquiries: | Goshiro Ito |
Executive Officer, CFO, |
Head of Corporate Administrations (TEL: 03-5654-1548)
Notice Concerning Decision on Matters Relating to Acquisition of Treasury Shares and
Cancellation of Treasury Shares
(Acquisition of Treasury Shares in Accordance With Provisions of the Articles of
Incorporation Pursuant to Article 165, Paragraph (2) of the Companies Act and Cancellation
of Treasury Shares in Accordance With Article 178 of the Companies Act)
This is to provide notification that at the meeting of the Board of Directors held on February 7, 2023, TOMY Company, Ltd. (hereinafter "Tomy") resolved on matters relating to acquisition of 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, and also resolved to cancel treasury shares in accordance with Article 178 of the Companies Act.
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Reasons for the Acquisition and Cancellation of Treasury Shares
Tomy will acquire treasury shares and cancel treasury shares for the purpose of further enhancing shareholder returns, improving capital efficiency, implementing flexible capital policies according to the business environment, and increasing corporate value. Tomy plans to allot proceeds from the sale of cross-shareholdings, which are in the course of being reduced, as part of the funds for the acquisition. - Details of Acquisition
(1) | Type of shares to be acquired | Common shares |
(2) | Total number of shares to be acquired | 400,000 shares (maximum) |
(0.44% of total number of shares outstanding) | ||
(3) | Total amount for share acquisition | ¥0.5 billion (maximum) |
(4) | Acquisition period | February 8, 2023 to March 31, 2023 |
3. Details of Cancellation | ||
(1) | Types of shares to be cancelled | Common shares |
(2) | Total number of shares to be cancelled | All of the treasury shares acquired as stated in 2 above |
(3) | Scheduled date of cancellation | April 28, 2023 |
(Reference)
Status of treasury shares as of December 31, 2022
Number of shares outstanding | 91,918,230 shares |
Number of treasury shares | 3,072,620 shares |
End of notice