Ahresty : Notice Concerning Acquisition of Own Shares
April 27, 2023 at 02:38 am EDT
Share
April 27, 2023
For Immediate Release
Company name:
Ahresty Corporation
President & COO:
Shinichi Takahashi
(Security Code: 5852, Prime Market)
Contact for inquiries:
Atsushi Shimizu, Executive Officer
and General Manager, Management
Planning Dept.
(Telephone: 03-6369-8664)
Notice Concerning Acquisition of Own Shares
(Acquisition of Own Shares pursuant to the Provisions of the Articles of Incorporation based on the
Provisions of Article 459, Paragraph 1 of the Companies Act)
Ahresty Corporation (the "Company") announces that at a meeting of its Board of Directors held on April 27, 2023, the Company resolved to purchase its own shares pursuant to the provisions of Article 459, Paragraph 1 of the Companies Act and the provisions of Article 41 of Articles Incorporation. Details are as follows.
Reason for the acquisition of own shares
As part of the execution of strategic capital policies aimed at achieving both a sound financial position and shareholder returns, the Company shall set total acquisition price to enable flexible acquisition of its own shares while comprehensively considering factors such as investment opportunities, financial conditions, stock price, etc..
For the acquisition of its own shares, a portion of the gain acquired previous fiscal year through the transfer of fixed assets related to the Higashimatsuyama Plant based on the domestic production reorganization policy shall be allotted.
The Company shall utilize the shares acquired through this transition by allotting them as restricted stocks issued through stock compensation policy to suppress stock dilution.
Details of the acquisition
（1） Class of shares to acquire
The Company's common stock
（2） Total number shares to acquire
900,000 shares (maximum)
(Ratio to the total number of shares outstanding
(excluding treasury shares): 3.47%)
（3） Total acquisition price of shares
500 million yen (maximum)
（4） Acquisition period
May 19, 2023 to December 31, 2023
(Reference) Treasury shares owned as of March 31, 2023
Total number of shares outstanding (excluding treasury shares)
25,926,895 shares
Number of treasury shares
149,822 shares
Attachments
Original Link
Original Document
Permalink
Disclaimer
AHRESTY Corporation published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 06:37:05 UTC.
AHRESTY CORPORATION is a Japan-based company mainly engaged in the die casting business, aluminum business and finished product business. The Company operates through die casting Japan, die casting North America, die casting Asia, aluminum business and finished products business five business segments. Die casting is a process of product design, mold making, trial production, and mass production. Main products are die casting products for automobiles and motorcycles, mold casting products, die casting molds, and others. The Aluminum segment is engaged in the manufacture and sale of secondary alloy ingots for die casting and secondary alloy ingots for castings. Finished products segment is engaged in the manufacture, process and sale of floor panels and double floors for construction.
AHRESTY CORPORATION 