Joshin Denki : Notice Concerning Cancellation of Treasury Stock
March 09, 2021 at 11:33 am IST
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March 9, 2021
For immediate release
Company name:Joshin Denki Co., Ltd.
Representative:
Ryuhei Kanatani, Representative Director and President and Executive Officer
(Securities code: 8173 1st Section, TSE)
Contact:
Suguru Oshiro, Director and Executive Officer,
Assistant General Manager of Business Administration Headquarters and General Manager of Accounting (and Finance) Department and Management Planning Department
(Phone: +81-6-6631-1161)
Notice Concerning Cancellation of Treasury Stock
(Cancellation of treasury stock pursuant to the provisions of Article 178 of the Companies Act)
Joshin Denki Co., Ltd. (hereinafter, "the Company") hereby announces that its Board of Directors, at a meeting held today, resolved to cancel a portion of its treasury stock in accordance with the provisions of Article 178 of the Companies Act.
1. Type of shares to be canceled: Common stock of the Company
2. Number of shares to be canceled: 680,333 shares
(Percentage of total number of shares issued before cancellation: 2.37%)
3. Scheduled date of cancellation: March 23, 2021 (Tuesday)
Reference
・Retention of treasury stock after cancellation
Number of shares outstanding (including treasury stock): 28,000,000
Number of shares of treasury stock:
1,178,028
(Percentage of total number of shares issued after cancellation: 4.20%)
(Notes) 1. The treasury stock does not include the Company shares held in the board benefit trust account.
2. Changes in the number of shares due to the purchase or sale of shares less than one unit from March 1, 2021 to the scheduled cancellation date are not included.
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Joshin Denki Co. Ltd. published this content on 09 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2021 06:02:02 UTC.
Joshin Denki Co.,Ltd. is a Japan-based company mainly engaged in the retail business of home electric appliances and related business. The Company mainly engaged in the sale of home appliances, information and communication equipment, entertainment products, housing equipment, and related products. The Company is also engaged in the provision of product delivery, installation and maintenance services, property and casualty insurance and life insurance agency services, music and video software rental services, buying and selling used books services, and the provision of management guidance and products to franchise contractors. The Companyâs shop brands include Joshin, J&P, DISC PIER, Joshin OUTLET, Mother Pier, Mega Watch, BOOK-OFF, and TSUTAYA.