FOR IMMEDIATE RELEASE
May 11, 2018
Company Name: Leopalace21 Corporation
Representative: Eisei Miyama, President and CEO
Code Number: 8848 (Tokyo Stock Exchange, First Section) Contact: Bunya Miyao, Director
Tel: +81-3-5350-0216 E-mail:ir@leopalace21.com
Notice Concerning Resolution Regarding Share Repurchase
(Share repurchase under the provisions of the Article of Incorporation pursuant to Article
459, Paragraph 1 of the Companies Act of Japan)
Leopalace21 Corporation ("the Company") announces the following resolution at the meeting of Board of Directors on May 11, 2018 regarding the share repurchase under the provisions of the Article of Incorporation pursuant to Article 459, paragraph 1 of the Companies Act of Japan.
1. Purpose of the share repurchase
To enhance shareholder returns and implementing a flexible capital policy corresponds to the changes of the current business environment.
2. Details of the share repurchase
1) Type of shares | Common Stock |
2) Total number of shares to be repurchased | Up to 8.3 million shares |
(3.28% of total shares outstanding) | |
3) Total amount to be paid for repurchase | Up to 8.0 billion yen |
4) Period of share repurchase | May 14 ,2018 to March 29, 2019 |
5) Method of repurchase | Purchase on the stock market of TSE |
(Reference) | |
Treasury stock holding as of March 31, 2018 | |
Total number of shares outstanding | 252,115,095 shares |
(excluding treasury stock) | |
Number of shares of treasury stock | 570,420 shares |
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Disclaimer
Leopalace21 Corporation published this content on 11 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 May 2018 05:02:01 UTC