Acom : Notice Regarding the Cancellation of Treasury Shares
May 20, 2021 at 02:32 am EDT
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May 20, 2021
Notice Regarding the Cancellation of Treasury Shares
ACOM CO., LTD. ("ACOM") announces that the Board of Directors Meeting, held on May 20 2021, resolved to cancel treasury shares pursuant to Article 178 of the Companies Act of Japan, as stated below.
Reason for the cancellation
ACOM has decided to cancel its treasury shares for the purpose of improving tradable share ratio and eliminating concerns about dilution of shares in preparation for the transition to the new market structure at Tokyo Stock Exchange, Inc.
Class of shares to be cancelled Common stock of ACOM
Number of shares to be cancelled
29,668,702 shares
(1.85% of total number of shares issued prior to the cancellation)
4. Planned cancellation date June 3, 2021
(Reference)
After the cancellation, number of shares will be 1,566,614,098.
The shares to be cancelled are all treasury shares owned by ACOM.
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ACOM CO., LTD.
Meiji Yasuda Seimei Bldg., 1-1, Marunouchi 2-chome,Chiyoda-ku, Tokyo, Japan
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Acom Co. Ltd. published this content on 20 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2021 06:31:01 UTC.
Acom Co Ltd is a Japan-based company mainly engaged in loan and credit card business, credit guarantee business, overseas financial business, debt management and collection business. The Company operates in four business segments. The Loan and Credit Card segment provides the unsecured loan business and the credit card business with MasterCard as the main product. The Credit Guarantee segment is engaged in credit guarantee business. The Overseas Financial segment includes unsecured loan business in Thailand and the Philippines, installation loan business in Thailand (individual credit purchase brokerage business), and banking business in Indonesia. The Debt Management and Collection segment provides servicer business including debt management and collection business. The others include contracting a contact center and dispatching human resources business.