Resorttrust : Notice Concerning Progress of Treasury Share Acquisition(Treasury share acquisition based on the Articles of Incorporation pursuant to the provisions ofArticle 165, Paragraph 2 of the Companies Act)
September 31, 2023 at 10:04 pm EDT
Share
September 1, 2023
FOR IMMEDIATE RELEASE
Company name
Resorttrust, Inc.
Representative
Ariyoshi Fushimi, President
Code
4681, Prime, Tokyo Stock Exchange
Notice Concerning Progress of Treasury Share Acquisition
(Treasury share acquisition based on the Articles of Incorporation pursuant to the provisions of Article 165, Paragraph 2 of the Companies Act)
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.
1.
Class of shares acquired
Common shares
2.
Total number of shares acquired
370,500 shares
3.
Total amount paid for acquisition
¥852,492,600
4.
Acquisition period
August 21, 2023 to August 31,2023
(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
.Total number of treasury shares that the Company acquired by August 31, 2023 based on the aforementioned resolution of the Board of Directors.
(1) Total number of shares acquired
370,500 shares
(2) Total amount paid for acquisition
¥852,492,600
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Resorttrust Inc. published this content on 01 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2023 02:03:03 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 : Notice Concerning Progress of Treasury Share Acquisition(Treasury share acquisition based on the Articles of Incorporation pursuant to the provisions ofArticle 165, Paragraph 2 of the Companies Act)
RESORTTRUST, INC. 
