Sakata Seed : Notice Concerning Status of Acquisition of Own Shares and Completion of Acquisition（61.0KB）
April 18, 2024 at 01:49 pm IST
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Notice: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
April 18, 2024
Company name: SAKATA SEED CORPORATION
Name of Representative: Hiroshi Sakata
President and Representative Director (Securities code:1377, TSE Prime Market)
Inquiries:Takenori Hoshi Senior Executive Officer
Senior General Manager of General Administration Div.
General Manager of Finance Dept. (Telephone: +81-45-945-8800)
Notice Concerning Status of Acquisition of Own Shares and Completion of Acquisition
(Acquisition of Own Shares Under the Provisions of the Articles of Incorporation Pursuant to
the Provisions of Article 165, Paragraph (2) of the Companies Act)
SAKATA SEED CORPORATION (the "Company") hereby announces the status of the acquisition of own shares in April, as described below. The Company resolved, at the meeting of the Board of Directors held on February 16, 2024, the acquisition of own shares pursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, paragraph (3) of the same Act.
The Company also announces that it has completed the acquisition of own shares based on the above resolution.
1.
Class of
Common shares
shares acquired
2.
Total number of
207,400 shares
shares acquired
3.
Total amount of
750,020,000 yen
share acquisition costs
4.
Acquisition period
From April 1, 2024, to April 17, 2024 (contract basis)
5.
Method of acquisition
Market purchases through the Tokyo Stock Exchange
500,000 shares
(Reference)
1. Details of resolution at the meeting of the Board of Directors held on February 16, 2024
(1)
Class of
Common shares
shares to be acquired
(2)
Total number of
500,000 shares (upper limit)
shares to be acquired
(1.13% of total number of issued shares (excluding treasury shares))
(3)
Total amount of
2,000,000,000 yen (upper limit)
share acquisition costs
(4)
Acquisition period
From February 19, 2024, to May 31, 2024
(5)
Method of acquisition
Market purchases through the Tokyo Stock Exchange
2. The total number of shares acquired pursuant to the above resolution of the meeting of the Board of Directors until April 17, 2024.
(1) Total number of shares acquired
(2) Total amount of
1,824,983,000 yen
share acquisition costs
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SAKATA SEED CORPORATION is a Japan-based company mainly engaged in the production or purchase, sale of the horticultural products. The Company operates through three business segments. The Domestic Wholesale segment and The Overseas Wholesale segment is involved in the production or purchase of vegetable seeds, flower seeds, bulbs, seedlings and agricultural and horticultural materials, as well as the wholesale of its products within domestic market and to overseas markets. The Retail segment is involved in the production or purchase of its products for general horticultural enthusiasts, as well as the sale of its products to home centers. The Company is also involved in the landscaping work for public offices and the private sector, temporary staffing, as well as the production, process and sale of agricultural products.
SAKATA SEED CORPORATION 