News
Notice Regarding Retirement of Treasury Stock
May 31, 2024
On May 31, 2024, TechnoPro Holdings, Inc. Board of Directors has resolved to retire its treasury stock pursuant to Article 178 of the Companies Act, as stated below.
| 1. Class of Shares to be Retired | Common stock of TechnoPro Holdings, Inc. |
|---|---|
| 2. Total number of shares to be retired | 900,000 shares (0.84% of total number of outstanding shares before the retirement) |
| 3. Planned retirement date | June 20, 2024 |
(Reference)
| 1. Total number of outstanding shares after the retirement | 106,400,000 shares |
|---|---|
| 2. Total number of treasury stock after the retirement (planned) | 446,465 shares (0.42% of total number of outstanding shares after the retirement) |
The treasury stock held after the retirement will be used for the purposes including the performance-based stock compensation (post-delivery type performance share units) to be granted in accordance with the achievement of performance criteria during the medium-term management plan periods (July 1, 2021 to June 30, 2026).
[Note on translation]
This is a translation of the original Japanese document and provided for informational purpose only. If there are any discrepancies between this and the original, the original Japanese document prevails.