Premium Water Holdings,Inc.

2588.T
Utilities - Regulated Water
2026/02/17 Updated
Market Cap: $720.0M (¥110.1B)
Stock Price: $23.64 (¥3,615)
Exchange Rate: 1 USD = ¥152.91

(Disclosure Progress) Notice Regarding Acquisition and Cancellation of Treasury Stock from Specific Shareholders

Premium Water Holdings Co., Ltd. resolved to acquire 9,046,070 shares from a specific shareholder, Koshin Communications Co., Ltd., between March 2 and March 6, 2026, at a total price of approximately JPY 27,644,789,920.

Importance:
Page Updated: January 23, 2026
IR Disclosure Date: January 23, 2026

Key Figures

  • Number of shares acquired: 9,046,070 shares (acquired from specific shareholder)
  • Total acquisition price: JPY 27,644,789,920 (equivalent to 90% of closing price on January 22, 2026)
  • Acquisition period: From March 2, 2026 to March 6, 2026

AI要約

Overview of Treasury Stock Acquisition and Cancellation

At the extraordinary shareholders meeting held on January 23, 2026, Premium Water Holdings Co., Ltd. approved the proposal to acquire treasury stock from a specific shareholder, Koshin Communications Co., Ltd. The shares to be acquired consist of 9,046,070 common shares at a total acquisition price of approximately JPY 27,644,789,920, corresponding to JPY 3,056 per share (equivalent to 90% of the closing price on January 22, 2026). The acquisition period is scheduled from March 2 to March 6, 2026, followed by the planned cancellation of the treasury stock.

Impact on Shareholders and Acquisition Conditions

The acquisition will be conducted from the specific shareholder, Koshin Communications Co., Ltd., at a price set at a 10% discount to the market price. The acquisition limits are 9,046,070 shares and approximately JPY 28,250,876,610 in terms of amount, with the application deadline on March 6, 2026. This will reduce the number of outstanding shares, thereby potentially increasing the value per share; however, specific dilution rates and details on fund usage have not been disclosed.

This page uses AI to summarize IR materials from TDnet. Please refer to the original document for investment decisions.