Notice Regarding Share Repurchase
Apr 28, 2023
On April 28, 2023, 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: 0.93% [excluding treasury shares])|
|(3) Total repurchase amount||Up to 3,000,000,000 yen|
|(4) Repurchase period||From May 1, 2023 to September 29, 2023|
Treasury shares held as of March 31, 2023
|Total number of shares outstanding (excluding treasury shares)||107,725,840 shares|
|Total number of treasury shares||695,324 shares|