Notice regarding decision on matters related to treasury stock acquisition
コーポレート
SKY Perfect JSAT Holdings Inc. (Head Office: Minato-ku, Tokyo; Representative Director, President: Eiichi Yonekura) announces that at the Board of Directors meeting held today, we resolved the matters related to the acquisition of treasury stock based on the provisions of Article 459, Paragraph 1 of the Companies Act and Article 37 of the Articles of Incorporation of the Company as follows.
Reasons for acquiring treasury stock
In the capital allocation announced in April 2022, we announced a policy of returning JPY40 billion to shareholders over a 5-year period from Fiscal Year 2022, together with capital investment in existing businesses and aggressive investment in growth fields. In accordance with this policy, we will accelerate our initiatives for growth, such as investing in new fields. In terms of shareholder returns, as part of this policy, we will acquire treasury stock and improve capital efficiency.
2. Contents of matters related to acquisition
(1) Types of shares to acquire | Common stock |
(2) Number of shares to acquire | 10,000,000 shares (maximum) |
(3) Total amount of money to be delivered in exchange for the acquisition of shares | 5,000,000,000 yen (maximum) |
(4) Period during which shares can be acquired | September 7, 2023 – April 30, 2024 |
(5) Method of repurchases | 1. Purchases through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) |
*Treasury stock holdings as of August 31, 2023
Total number of issued shares | 290,645,299 shares |
Number of treasury stock | 6,933,124 shares |
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