Sumitomo Warehouse : Notice of Acquisition of Treasury Shares and Retirement of Treasury Shares
August 04, 2023
Share
(Translation)
August 4, 2023
To whom it may concern,
Company name: The Sumitomo Warehouse Co., Ltd.
Representative: Takanori Ono, President
Security ID Code: 9303 (Prime Market of TSE)
Reference: Akihiko Hoshino, Director,
Executive Officer,General Manager,
Finance & Accounting Department Tel: +81-6-6444-1183
Notice of Acquisition of Treasury Shares and Retirement of Treasury Shares
(Acquisition of treasury shares based on Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan and retirement of treasury shares in accordance with Article 178 of the Act)
The Sumitomo Warehouse Co., Ltd. ("the Company") announced today that the Board of Directors resolved at the meeting held on August 4, 2023 to acquire Treasury Shares, pursuant to the provisions of Article 156 of the Companies Act, as applied pursuant to the provisions of Article 165, Paragraph 3 of the Act and also resolved to retire treasury shares in accordance with Article 178 of the Act.
1. Reason for the acquisition and retirement of treasury shares
To enhance shareholder returns and improve capital efficiency.
2. Details of share acquisition
(1)
Type of shares to be acquired
Common shares of the Company
(2)
Total number of shares to be acquired
750,000 shares (maximum)
(0.94% of total number of shares issued
[excluding treasury shares])
(3)
Total amount of costs to be acquired
2,000,000,000 yen (maximum)
(4) Acquisition period
August 7, 2023 to December 22, 2023
(5) Method of acquisition
Market purchase
(Reference) Treasury shares held as of July 31, 2023
Total number of shares issued (excluding treasury shares) 79,427,852 shares
Total number of treasury shares
569,463 shares
1
3. Details of share retirement
(1) Type of shares to be retired
Common shares of the Company
(2) Total number of shares to be retired
All the common shares to be acquired pursuant
to 2 above
(3) Scheduled date of retirement
March 29, 2024
The exact number of shares to be retired will be announced after completion of the share acquisition pursuant to 2 above.
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The Sumitomo Warehouse Co. Ltd. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 08:27:06 UTC.
Sumitomo Warehouse Co Ltd is a Japan-based company mainly engaged in the integrated logistics business. The Company operates through three business segments. The Logistics segment is engaged in the warehousing, harbor transportation, international transportation and land transportation, as well as the development of software related to its logistics business. The Marine Transportation segment is engaged in the freight transportation using ships, and the operation of marine transportation agents. The Real Estate segment is engaged in the trading, leasing and management of business offices and lands.