BEENOS : Notification of Share Repurchase and Share Disposal
August 09, 2023 at 11:37 pm EDT
Share
This is a translation of the original Japanese release. The Japanese text shall prevail in case of any variance between this version and the Japanese text.
Company
BEENOS Inc.
President and Group CEO
Shota Naoi
Tokyo Stock Exchange Prime Section Code: 3328
Contact
Vice President and Group CFO
Koji Nakamura
TEL
+81-3-6859-3328
Notification of Share Repurchase and Share Disposal
(Share repurchase pursuant to the Company's Article of Incorporation in accordance with the
provisions of Article 165, Paragraph 2 of Companies Act and Share disposal in accordance with the
provisions of Article 178 of Companies Act)
Tokyo, Japan - 10 August 2023 - BEENOS Inc. (BEENOS) announced the share repurchase in accordance with Article 156 of the Companies Act, as applied mutatis mutandis pursuant to the provisions of Article 165, Paragraph 3 of the Companies Act as well as share disposal in accordance with the provisions of Article 178 of the Companies Act as resolved in its extraordinary board meeting held on 10 August 2023.
1. Reason for Share Repurchase
BEENOS will repurchase its own shares in order to pursue a timely and flexible capital policy in response to changes in the operating environment.
2. Details of Matters Related to the Share Repurchase
(1)
Class of shares to be
Common stock
repurchased
(2)
Total number of shares
300,000 shares
to be repurchased
(2.4% of the total number of shares issued [excluding treasury stock])
(3)
Total repurchase cost
500,000,000 JPY
(4)
Repurchase period
14 August 2023 to 30 September 2023
※Shares may not be acquired depending on market trends
3. Details of Matters Related to the Share Disposal
(1)
Class of shares to be
Common stock
disposed
(2)
Total number of shares
All shares acquired listed above in (2)
to be disposed
(3)
Scheduled disposal
31 October 2023
(Reference) Treasury stock held as of 10 August 2023
Total number of shares
issued (excluding treasury
12,308,929 shares
stock)
Number of treasury stock
868,066 shares
shares
Note: Number of treasury stock includes the 20,800 shares held by the "BEENOS ESOP Trust Fund"
-END-
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Disclaimer
Beenos Inc. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 03:36:06 UTC.
BEENOS Inc, formerly netprice.com, Ltd., mainly operates mail-order sales business. It has two segments. The E-commerce segment operates business through three business divisions. The Gathering division is engaged in the mail-order sales through personal computers (PCs), cell phones and smart phones. The Value Cycle division is involved in the purchase, maintenance and sale of secondhand brand-name products, watches, accessories and others. The Cross Boarder division is engaged provision of services making overseas products available for purchase for Japanese clients. The Incubation segment is involved in the provision of Japan products overseas forwarding services, the production of talent licensed products, and the marketing and promotion business focusing on smart phones.
BEENOS INC. 
