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. |
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(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 |
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Total number of treasury shares | 457,365 shares |