Kobe Bussan Co., Ltd.
Notice of Resolution to Acquire Treasury Shares
Published on September 29, decision to acquire treasury shares. Target: up to 16,000,000 shares of common stock, aggregate amount up to 40 billion yen, acquisition period from 2026/9/30 to 2027/4/30, to be conducted via market purchases. Purpose is to enhance shareholder returns and to mitigate short-term supply-demand impact and facilitate financing related to issuance of Euro-denominated convertible bonds with warrants maturing in 2033.
Key Figures
- Key figure 1: 16,000,000 shares (upper limit)
- Key figure 2: 40 hundred million yen (upper limit)
- Key figure 3: September 30, 2026〜April 30, 2027
AI要約
Overview of Capital Policy
The Company announced, by resolution of the Board of Directors, its plan to conduct a treasury stock acquisition. The target is common stock, with an acquisition cap of 16,000,000 shares and an aggregate amount ceiling of 40 hundred million yen. The acquisition period is from September 30, 2026 to April 30, 2027, and will be executed through market purchases on the Tokyo Stock Exchange (including off-auction purchases). The purposes are to enhance shareholder returns and to mitigate the short-term impact on stock supply and demand arising from the issuance of Euro-denominated convertible bonds with warrants maturing in 2033, thereby facilitating smooth fundraising.
Impact on Shareholders and Related Matters
This measure aims to strengthen shareholder returns through treasury stock acquisition and is expected to serve as an anti-dilution measure. A separate announcement was made regarding the issuance of the convertible bonds maturing in 2033, and part of the acquisition funds are intended to be allocated to that issuance. It is noted that due to market conditions, some orders may not be executed when implementing the acquisition.
Kobe Bussan Co., Ltd.
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