March 12, 2024
FOR IMMEDIATE RELEASE
Activia Properties Inc.
21-1 Dogenzaka 1-chome, Shibuya-ku, Tokyo
Nobuhide Kashiwagi
Executive Director
(Code: 3279)
Asset Management Company
TLC REIT Management Inc.
Akira Kubo
President & CEO
Inquiries
Manabu Kamikawara
General Manager of Strategy Department
Activia Management Division
(Tel: +81-3-6455-3377)
Notice Concerning Status and Completion of Repurchase of Own Investment Units
Activia Properties Inc. ("API") announces the status of the repurchase of its own investment units conducted pursuant to the provisions of Article 80-2 of the Act on Investment Trusts and Investment Corporations of Japan (the "ITA") which are applied by replacing the terms and phrases of the provisions of Paragraph 2, Article 80-5 of the ITA.
Accordingly, API completed the repurchase of its own investment units, as was approved at its board of directors meeting held on January 17, 2024.
Details are as follows:
1. Status of the repurchase of own investment units in March 2024
(1) Total number of investment units repurchased
3,870 units
(2) Total amount of investment units repurchased
1,474,181,500 yen
(3) Repurchase method
Open-market repurchase on the Tokyo Stock Exchange based on a discretionary transaction agreement pertaining to the repurchase of own investment units concluded with a securities company
(4) Repurchase period
From March 1, 2024 to March 11, 2024 (on a trade date basis)
2. Status of the repurchase of own investment units during whole period of repurchase
(1) Total number of investment units repurchased | 15,340 units |
(2) Total amount of investment units repurchased | 5,999,850,500 yen |
(3) Repurchase method | Open-market repurchase on the Tokyo Stock Exchange based on a discretionary transaction agreement pertaining to the repurchase of own investment units concluded with a securities company |
(4) Repurchase period | From January 18, 2024 to March 11, 2024 (on a trade date basis) |
After the completion of the repurchase of own investment units, API plans to cancel all repurchased investment units before the end of May 2024 upon a resolution of its board of directors. Upon the cancellation of such investment units, the total number of issued and outstanding investment units of API will be 792,106.
【Reference information】
Details of the resolution made by the board of directors meeting on January 17, 2024
(1) Total number of investment units to be repurchased | 19,900 units (maximum) (2.46% of the total number of outstanding investment units (excluding the number of own investment units)) |
(2) Total amount of investment units to be repurchased | 6,000,000,000 yen (maximum) |
(3) Repurchase method | Open-market repurchase on the Tokyo Stock Exchange based on a discretionary transaction agreement pertaining to the repurchase of own investment units concluded with a securities company |
(4) Repurchase period | From January 18, 2024 to May 17, 2024 |
*Website of API:https://www.activia-reit.co.jp/en/
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Activia Properties Inc. published this content on 28 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2024 09:13:02 UTC.