Isetan Mitsukoshi : Notice Concerning Status (Progress) of Acquisition of Treasury Shares
March 07, 2024 at 11:53 pm EST
Share
March 4, 2024
To Whom It May Concern
Company Name:
Isetan Mitsukoshi Holdings Ltd.
Representative:
Toshiyuki Hosoya, President and CEO
(Code No. 3099/ Prime Market of the Tokyo
Stock Exchange and the Fukuoka Stock
Exchange)
Contact:
Keiko Mihara, General Manager, Corporate
Communication and IR Division, General
Affairs Department
(TEL. 050-1704-0684)
Notice Concerning Status (Progress) of Acquisition of Treasury Shares
(Acquisition of treasury shares based upon the provisions of the Articles of Incorporation pursuant to the
provisions of Article 165, paragraph (2) of the Companies Act)
Isetan Mitsukoshi Holdings (the Company) announces the status (progress) of the acquisition of treasury 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 Companies Act.
Details
1. Class of shares acquired
Common shares
2.
Total number of shares acquired
3,866,900 shares
3.
Total amount of share acquisition costs
7,968,607,850 yen
4.
Period of acquisition
From February 5, 2024 to February 29, 2024
5.
Method of acquisition
Market purchase on the Tokyo Stock Exchange
(Reference)
1. Details of the resolution of the Board of Directors held on February 2, 2024
(1)
Class of shares to be acquired
Common shares
(2)
Total number of shares to be acquired
Up to 11,000,000 shares
(2.9% of total number of issued shares (excluding treasury
shares))
(3)
Total amount of share acquisition costs
Up to 15,000,000,000 yen
(4)
Period of acquisition
From February 5, 2024 to March 29, 2024
(5)
Method of acquisition
Market purchase on the Tokyo Stock Exchange
2. Total number of treasury shares acquired based on the aforementioned resolution of the Board of Directors (as of February 29, 2024)
(1)
Total number of shares acquired
3,866,900 shares
(2)
Total amount of share acquisition costs
7,968,607,850 yen
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Isetan Mitsukoshi Holdings Ltd. published this content on
08 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
08 March 2024 04:52:05 UTC.
Isetan Mitsukoshi Holdings Ltd. specializes in department stores operating. Net sales break down by activity as follows:
- department stores operating (88.9%): distribution of clothes, household articles, food products, etc.;
- financial services (4.2%): primarily insurance and sale of credit cards;
- real estate management (3.9%);
- other (3%): specialized stores operating, logistics services, staff temporary placement, etc.