Yamadai Corporation
Notice regarding the approval resolution for stock split, abolition of unit shares, and partial amendment of the articles of incorporation
Approved stock split at an extraordinary general meeting. Split ratio is 406,580 shares to 1 share; outstanding shares after effectiveness will be 2 shares; delisting date is September 28, 2026. Partial amendment to the articles of incorporation and handling of treasury stock were also approved. Fractional shares are to be sold to the acquirer.
Key Figures
- Split ratio: 406,580 shares to 1 share
- Total outstanding shares after effectiveness: 2 shares
- Delisting date: September 28, 2026
AI要約
Background and overview
At this extraordinary general meeting, the proposals for stock split and partial amendment of the articles of incorporation were approved as originally proposed, and it was confirmed that the company meets the delisting criteria. As a result of the split, the number of outstanding shares will decrease, and after effectiveness, the number of shares is expected to be 2. The amendments to the articles of incorporation will also adjust the authorized shares, the unit share, and treasury stock provisions related to the split. Fractional shares will be sold to the acquirer, and the proceeds will be issued to shareholders after obtaining court approval.
Future schedule and impact
The effective date of the stock split is September 30, 2026, with liquidation procedures planned to commence in late October 2026, and issuance to occur in late December 2026. The delisting date is scheduled for September 28, 2026, and after the split, only the acquirer is expected to be the shareholder.
Yamadai Corporation
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