Oricon Inc.
Notice of approval of stock consolidation, abolition of the unit share system, and partial amendment to the articles of incorporation
Undertake stock consolidation to reduce outstanding shares, proceed with partial amendment to the articles of incorporation and procedures for listing delisting. Fractional share handling will be with court approval, and proceeds from fractional shares to be distributed to shareholders. Delisting is targeted for September 28, 2026, with effective date of September 30. Consolidation ratio is 2,333,576 shares into 1 share.
Key Figures
- Consolidation ratio: 2,333,576 shares into 1 share
- Total outstanding shares after reduction: 13,014,070 shares
- Cancellation of treasury stock: 2,109,125 shares
- Delisting date: September 28, 2026
- Effective date: September 30, 2026
AI要約
Background and purpose
Following approval of the stock consolidation and amendments to the articles of incorporation at this extraordinary general meeting, the company will implement capital policy assuming delisting after designation as a restructuring/standard market. The consolidation reduces the number of outstanding shares, and fractional shares will be sold to the offeror with court approval, with consideration distributed to shareholders. Treasury stock cancellation is planned in connection with the consolidation effective date.
Future schedule and impact on shareholders
The consolidation effective date is September 30, 2026, and delisting is scheduled for September 28, 2026. The final trading day is scheduled for September 25, and in conjunction with the designation as a restructuring stock, fractional shares will be processed and cash distributed to shareholders. Abolishing the unit share system and changing the authorized shares will significantly alter shareholder composition and market trading form.
Oricon Inc.
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