News
Notice Regarding Share Repurchase
Mar 29, 2024
On March 29, 2024, TechnoPro Holdings, Inc. Board of Directors has resolved on matters relating to a share repurchase program under Article 156 of the Companies Act, as applied pursuant to Article 165, paragraph 3 of the Companies Act, as detailed below.
1. Reasons for Share Repurchase
TechnoPro Holdings, based on a comprehensive consideration of factors such as cash reserves and stock price trends, intends to implement a flexible capital policy (improvement in capital efficiency, etc.) for the sustainable growth of the Group, thereby pursuing further value creation.
2. Details of Share Repurchase
| (1) Class of shares to be repurchased | Common stock of TechnoPro Holdings, Inc. |
|---|---|
| (2) Total number of shares to be repurchased | Up to 1,000,000 shares(Ratio to the shares outstanding: 0.94% [excluding treasury shares]) |
| (3) Total repurchase amount | Up to 2,500,000,000 yen |
| (4) Repurchase period | From April 1, 2024 to June 28, 2024 |
(Reference)
Treasury shares held as of February 29, 2024
| Total number of shares outstanding (excluding treasury shares) | 106,842,635 shares |
|---|---|
| Total number of treasury shares | 457,365 shares |