Geniee, Inc.
Notice on Partial Acquisition and Cancellation of Type A Preferred Stock
The company resolved to acquire and cancel a portion of Type A preferred stock. The number of shares to be acquired is 3,750,000 (37.5% of outstanding shares 10,000,000), at 455.875 yen per share, for a total of 170,953,0718 yen. The cancellation is planned for the same date. Acquisition and cancellation are scheduled for October 15, 2026. The impact on this year's results is expected to be minor.
Key Figures
- Acquired shares: 3,750,000 shares (37.5%)
- Consideration: ¥455.875 per share
- Total consideration: ¥1,709,530,718
AI要約
Overview of Capital Policy
The partial acquisition and cancellation of Type A preferred stock resolved today aims to reduce the burden of preferred dividend payments. The acquisition quantity equals 3,750,000 shares, representing 37.5% of issued shares, with a consideration of ¥455.875 per share and a total of ¥1,709,530,718. Acquisition and cancellation will be executed in accordance with the Articles of Incorporation and Companies Act, with completion and cancellation scheduled for October 15, 2026.
Impact and Schedule Going Forward
The acquisition and cancellation are not expected to have a material impact on current-year results, and after cancellation the total number of shares outstanding would be reduced by 6,250,000 shares. While specific future financial impacts are not yet known, changes in capital structure are expected to occur to mitigate dilution.
Geniee, Inc.
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