Resorttrust : Notice Concerning Progress and Completion of Treasury Share Acquisition
October 04, 2023 at 10:05 pm EDT
Share
October 5, 2023
FOR IMMEDIATE RELEASE
Company name
Resorttrust, Inc.
Representative
Ariyoshi Fushimi, President
Code
4681, Prime, Tokyo Stock Exchange
Notice Concerning Progress and Completion of Treasury Share Acquisition
Resorttrust, Inc. ("the Company") hereby announces the progress of treasury share acquisition pursuant to Article 156 of the Companies Act as applied by replacing terms pursuant to the provision of Article 165, Paragraph 3 of the same Act, as described below. The Company acquired the last batch of treasury shares on October 4, 2023, and completed its treasury share acquisition based on the resolution of the Board of Directors adopted at a meeting held on August 10, 2023.
1.
Class of shares acquired
Common shares
2.
Total number of shares acquired
230,400shares
3.
Total amount paid for acquisition
¥508,511,100
4.
Acquisition period
October 1, 2023 to October 4, 2023
(Based on contract dates)
5.
Acquisition method
Market purchase based on discretionary trading contract for treasury
share acquisition
(Reference)
１.Details of the Acquisition (as disclosed on August 10, 2023)
(1)
Class of shares to be acquired
Common shares
(2)
Total number of shares to be acquired
1,500,000 (maximum)
(1.4% of total shares issued, excluding treasury shares)
(3)
Total amount to be paid for acquisition
¥3,000,000,000 (maximum)
(4)
Acquisition period
August 21, 2023 to October 31, 2023
(5)
Acquisition method
Market purchase based on discretionary trading contract for treasury
share acquisition
2. Total of treasury shares acquired based on the aforementioned resolution
(1)
Total number of shares acquired
1,304,600 shares
(2)
Total amount paid for acquisition
¥2,999,942,100
3.Status of treasury share holdings as of October 4, 2023
Total number of shares issued (excluding treasury shares): 106,567,786
Number of shares of treasury stock: 1,953,013
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Disclaimer
Resorttrust Inc. published this content on 05 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2023 02:04:05 UTC.
Resorttrust Inc is a Japan-based company mainly involved in the construction and operation of membership hotels and golf courses, the sale of memberships, as well as medical businesses. The Company operates through three segments. The Membership segment is engaged in the development of membership hotels and the sale of various memberships. The Hotel Restaurant segment is mainly involved in the operation of restaurants and resort hotels under the names XIV, BAYCOURT CLUB, SUN MEMBERS and HOTEL TRUSTY, as well as the provision of hotel cleaning services, and on-life insurance agency services. The Medical segment is engaged in the sale and management of medical memberships, as well as the provision of medical consulting services. In addition, the Company is also engaged in real estate rental business and villa management business.
RESORTTRUST, INC. 
