(Share repurchase based on the provisions of the Articles of Incorporation pursuant to Article 165(2) of the Companies Act)
News
Notice of Determination of Matters concerning the Acquisition of Treasury Stock
(Share repurchase based on the provisions of the Articles of Incorporation pursuant to Article 165(2) of the Companies Act)
2019/02/14
CAC Holdings Corporation (the “Company”) hereby announces that, at a meeting of its Board of Directors held today, the Company resolved to acquire its treasury stock under Article 156, as applied pursuant to paragraph 3, Article 165, of the Companies Act of Japan.
1. Reason for the share repurchase
The Company’s medium-term strategy positions the increase of corporate value through the improvement of capital efficiency and the proactive return of profits to shareholders as its basic policy. Based on this policy, the Company will acquire treasury stock for the purpose of returning profits to shareholders.
2. Details of matters pertaining to acquisition
(1) Class of shares to be acquired: Common shares of the Company
(2) Total number of shares to be acquired: 3,000,000 shares (maximum)
Percentage of outstanding shares (excluding treasury shares): 16.3%
(3) Aggregate acquisition cost: 3 billion yen (maximum)
(4) Acquisition period: From March 28, 2019 to December 31, 2019
(5) Acquisition method: Purchase on the exchange, including off-auction own share repurchase trading (ToSTNeT-3)
(Refference)
Accumulated number and price of own shares as of February 14, 2019.
Total number of issued shares (excluding treasury shares): 18,435,255 shares
Treasury shares: 2,106,145 shares
Contacts
CAC Holdings Corporation, Corporate Planning Dept., Enterprise Value Up Group
E-mail: prir@cac.co.jp
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