Notice Regarding Determination of Matters Relating to the Purchase and Retirement of Treasury Stock
November 11, 2021 at 08:21 am
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Disclaimer: This document is an English translation of the Japanese original which is filed with the Tokyo Stock Exchange and is only for reference purposes. In case of any discrepancy between this translation and the Japanese original, the latter shall prevail.
November 11, 2021
To Whom It May Concern
Company name:
HAZAMA ANDO CORPORATION
Representative:
Representative Director and President
Masato Fukutomi
Contact:
Tokyo Stock Exchange First Section Securities Code: 1719
General Manager,
Toshihisa Kino
Corporate Communications Department
Phone: +81-3-6234-3699
Notice Regarding Determination of Matters Relating to the Purchase
and Retirement of Treasury Stock
(Purchase of treasury stock pursuant to the Company's Articles of Incorporation based on the provisions of Article 165, Item 2 of the Companies Act of Japan and retirement of treasury stock in accordance with the provisions of Article 178 of the same Act)
HAZAMA ANDO CORPORATION ("HAZAMA ANDO" or "the Company") hereby announces that the Company resolved certain matters relating to the purchase of treasury stock pursuant to the provisions of Article 156 of the Companies Act of Japan after applying the provisions of Article 165, Item 3 of the Act, and to retire treasury stock in accordance with the provisions of Article 178 of the Act at a meeting of its Board of Directors held today. Brief details are provided as follows.
Reasons for the purchase and retirement of treasury stock
To accelerate the improvement of capital efficiency and further augment the return of profits to shareholders as announced today in the "Notice Regarding Expansion of the Company's Shareholder Return Policy under the Medium-Term Management Plan."
Details of matter relating to the purchase of treasury stock
(1)
Class of shares to be purchased
Common stock of the Company
(2)
Total number of shares to be purchased
Up to 17,000,000 shares
(9.43% of total shares issued and outstanding (excluding
treasury stock))
(3) Total purchase price
Up to ¥10 billion
(4)
Purchase period
November 15, 2021 to May 13, 2022
(5)
Purchase method
Market purchases based on the discretionary dealing contract
3. Details of retirement of treasury stock
(1)
Class of shares to be retired
Common stock of the Company (treasury stock currently
held)
(2)
Total number of shares to be retired
19,322,200 shares
(9.64% of total shares issued and outstanding before
retirement)
(3)
Scheduled date of retirement
November 30, 2021
(Reference)
Number of treasury stock held as of October 31, 2021: 20,123,267shares
Total shares issued and outstanding after retirement (including treasury stock): 181,021,197 shares
The number of treasury stock includes 639,519 shares held by the directors' compensation Board Incentive Plan ("BIP") Trust.
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Hazama Ando Corp. published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 05:26:08 UTC.
Hazama Ando Corp is mainly engaged in the construction business. The Company operates through three business segments. The Civil engineering segment is involved in the provision of general civil work both domestic and overseas. The Construction segment is involved in the provision of general construction work and architectural project both domestic and overseas. The Group segment is engaged in the sales and leasing of construction materials, construction of civil engineering work and construction work. The Company is also engaged in the entrusted survey and research services.