Sojitz : Notice of Share Repurchase of Treasury Stock Associated with Treatment of Fractional Shares Resulting from Share Consolidation
October 22, 2021 at 09:04 am
Share
Financial Accounting Standards Foundation
October 22, 2021
Sojitz Corporation
Masayoshi Fujimoto, President & CEO
(TSE Code: 2768; TSE First Section)
For questions, contact:
Yoichi Yanagisawa, PR Dept.
TEL 03-6871-3404
Notice of Share Repurchase of Treasury Stock Associated with Treatment of Fractional Shares Resulting from Share Consolidation(Repurchase of shares of treasury stock pursuant to Article 235, Paragraph 2, and Article 234, Paragraphs 4 and 5 of Japan's Companies Act)
Sojitz Corporation (the "Company") hereby announces that the Company has resolved at a meeting of its Board of Directors held today to treat fractional shares resulting from the consolidation of shares of common stock (the "Share Consolidation") pursuant to Article 235, Paragraph 2, and Article 234, Paragraphs 4 and 5 of Japan's Companies Act as outlined below.
1. Summary of the Purchase
The Company, in accordance with the resolution of its 18th Ordinary General Shareholders' meeting held on June 18, 2021, adopted the Share Consolidation on the basis of one post- consolidation share for every five pre-consolidation shares, effective as of October 1, 2021. With respect to fractional shares resulting from the Share Consolidation, the Company today decided to repurchase these shares as treasury stock pursuant to Article 235, Paragraph 2, and Article 234, Paragraphs 4 and 5 of Japan's Companies Act (the "Purchase").
2. Details of the Purchase
(1) Class of shares to be purchased
: Company's common stock
(2) Total number of shares to be purchased
: 9,837 shares
(3) Total amount to be delivered in exchange : The amount equal to the total number of shares to
for the Purchase
be purchased multiplied by the closing price of the
shares of the Company's common stock on the
Tokyo Stock Exchange on the date of the Purchase
(4) Date of the Purchase
: October 22, 2021
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Sojitz Corporation published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 08:03:14 UTC.
Sojitz Corporation is a diversified group organized around 10 business segments:
- distribution of chemicals products (25.4% of sales): organic, basic and specialty chemicals, plastic products, resins, etc;
- mining operations (22.2%): coal mining, alumina refining, sale of steel products and ferrous and non-ferrous metals, etc;
- distribution of large consumer products (17.6%): clothing and accessories, textile products, home and decorative articles, etc;
- automobile assembly and sales (11.6%);
- production and sale of food products and ingredients (7.8%);
- sale of industrial machinery and equipment and development of health facilities (6.9%);
- development and operation of energy and telecommunications infrastructure (3.6%);
- industrial infrastructure operation, property management and urban development (2%);
- aircraft and ship sales (1.7%). The group also develops activities in the operation of airport and rail infrastructure;
- other (1.2%): provision of financial services, logistics services, consulting, etc.