Konami Holdings Corporation Notice on Repurchase of Shares (6871H)
March 26 2020 - 3:06AM
UK Regulatory
TIDMKNM
RNS Number : 6871H
Konami Holdings Corporation
26 March 2020
March 26, 2020
FOR IMMEDIATE RELEASE
KONAMI HOLDINGS CORPORATION
Takuya Kozuki, Representative
Director, President
Shares listed: Tokyo and London Stock Exchanges
Contact: Junichi Motobayashi, Corporate
Officer, General Manager, Finance
and Accounting
Tel: +81-3-6636-0573
Notice on Repurchase of Shares
through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)
(Repurchase of Shares pursuant to Provisions of Articles of Incorporation
in accordance with Article 165, Paragraph 2 of the Companies Act)
KONAMI HOLDINGS CORPORATION (the "Company") hereby announces
that its Board of Directors has resolved, at a Board of Directors'
meeting held on March 26, 2020 , that the Company will repurchase
its own shares pursuant to the provision of Article 156 of the
Companies Act, as applied pursuant to the provision of Article 165,
Paragraph 3 thereof, and its specific method as below.
1. Reason for Share Repurchase
The Company has decided to repurchase its own shares in order to
strengthen shareholder returns and carry on flexible capital
policies as part of its efforts to improve capital efficiency and
address changes in business environment .
2. Method of Share Repurchase
The Company will place purchase orders through brokerages on the
Tokyo Stock Exchange Trading Network Off-Auction Own Share
Repurchase Trading System (ToSTNeT-3) at 8:45 a.m. on March 27,
2020 (no changes to other trading system or trading time will be
made), at a price equal to the closing price (including final
special quote) of the Company's common stock on the Tokyo Stock
Exchange on March 26, 2020 (3,225 yen). The above-mentioned
purchase orders will be effective only for the trading time
specified above.
3. Details of Share Repurchase
(1) Class of shares to be Common stock
repurchased
(2) Total maximum number Up to 2,800,000 shares
of shares to be repurchased (2.07% of the total issued
shares (excluding treasury
shares))
(3) Total maximum repurchase Up to 8 billion yen
price of shares
(4) Date of repurchase March 27, 2020
(5) Announcement of result The Company will announce the
result of the repurchase after
completion of the repurchase
at 8:45 a.m. on March 27, 2020.
(Note:1) The maximum number of shares to be repurchased will not
be changed. The repurchase order may not be implemented, in whole
or in part, depending on market conditions and other factors.
(Note:2) The repurchase will be conducted to the extent that
sell orders match the number of shares to be repurchased.
(Note:3) Based on the closing price of 3,225 yen on March 26,
2020, the total number of shares to be repurchased will be up to
2,480,600 shares.
4. Others
Sumitomo Mitsui Banking Corporation has indicated to the Company
that it has the intention
to sell 2,017,000 shares of common stocks held by it.
(Reference)
Status of Treasury Shares as of February 29, 2020
Total issued shares (excluding 135,232,363 shares
treasury shares ):
Number of treasury shares: 8,267,637 shares
End of File
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END
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