AGC : Announcement regarding Cancelation of Shares
October 12, 2023 at 02:07 am EDT
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October 12, 2023
Corporate Name: AGC Inc.
President & CEO: Yoshinori Hirai
(Code Number: 5201; TSE Prime Market)
Contact: Chikako Ogawa, General Manager,
Corporate Communications & Investor Relations
(Tel: +81-3-3218-5603)
Announcement regarding Cancelation of Shares
AGC Inc. (the Company) hereby announces that, at the Board of Directors meeting held on October 12, 2023, its Board of Directors resolved to cancel the Company's treasury shares in accordance with Article 178 of the Companies Act.
Type of shares to be canceled:
Total number of shares to be canceled:
Scheduled cancellation date:
Common shares of AGC Inc.
10,006,700 shares
(This number represents 4.40 % of total outstanding shares before cancellation) October 31, 2023
[Reference]
Total number of outstanding shares (after cancellation):
217,434,681 shares
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AGC - Asahi Glass Co. Ltd. published this content on 12 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2023 06:06:23 UTC.
AGC Inc. specializes in the production and marketing of glass products. The group is also manufacturing chemical products. Net sales break down by family of products and services as follows:
- flat panes and car windows (44.2%);
- chemical products (39%): caustic soda, vinyl chloride, urethane substances, fluorinated resins, iodine, etc.;
- glass substrates for screens and for electronic equipment (15%);
- other (1.8%): ceramic, logistic services, etc.