Kakaku com : Notice Concerning Cancellation of Treasury Stock
May 18, 2017 at 03:29 am EDT
Share
For Immediate Release
(English translation of the original Japanese document)
May 18, 2017
Company name: Kakaku.com, Inc. Representative: Shonosuke Hata, President and Representative Director (Stock code: 2371; First Section of the Tokyo Stock Exchange)
Kakaku.com, Inc. hereby announces that it resolved at a meeting of the Board of Directors held on May 18, 2017 to cancel a portion of its treasury stock pursuant to the provisions of Article 178 of the Companies Act as follows.
Class of shares to be cancelled Common stock of Kakaku.com, Inc.
Number of shares to be cancelled 3,155,100 shares
(1.45% of total number of shares issued and outstanding before cancellation)
Scheduled cancellation date May 31, 2017
For reference:
Total number of shares issued and outstanding after the cancellation will be 215,005,000 shares.
The number of shares of treasury stock after the cancellation will be 901,725 shares (0.42% of total number of shares issued and outstanding after the cancellation).
Kakaku.com Inc. published this content on 18 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 May 2017 07:28:25 UTC.
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Kakaku.com Inc is a Japan-based company mainly engaged in the operation of purchasing support Website Kakaku.com. The Company operates through two business segments. Internet Media segment is engaged in the operation of Websites that provide price comparison service, restaurant search and reservation service, real estate information, travel information, movie information, automobile information, bus information and inheritance procedure service. The segment also develops dynamic package system, movie contents and Website production. The Finance segment is involved in the insurance agency business.