BEENOS : Notification of Status and Completion of Share Repurchase and Number of Shares to be Disposed
September 14, 2023 at 08:03 pm EDT
Share
This is a translation of the original Japanese release. The Japanese text shall prevail in case of any variance between this version and the Japanese text.
Company
BEENOS Inc.
President and Group CEO
Shota Naoi
Tokyo Stock Exchange Prime Section Code: 3328
Contact
Vice President and Group CFO
Koji Nakamura
TEL
+81-3-6859-3328
Notification of Status and Completion of Share Repurchase and Number
of Shares to be Disposed
(Share repurchase pursuant to the Company's Article of Incorporation in accordance with the
provisions of Article 165, Paragraph 2 of Companies Act and Share disposal in accordance with the
provisions of Article 178 of Companies Act)
Tokyo, Japan - 15 September 2023 - BEENOS Inc. (BEENOS) announced the status and completion of its share repurchase in accordance with Article 156 of the Companies Act, as applied mutatis mutandis pursuant to the provisions of Article 165, Paragraph 3 of the Act as resolved in its board meeting held on 10 August 2023. Furthermore, the details of the share disposal in accordance with the provisions of Article 178 of the Companies Act has also been determined. Details are as follows:
1. Monthly Report of Share Repurchase for September
(1)
Class of shares to be
Common stock
repurchased
(2)
Total number of shares
114,600 shares
repurchased
(3)
Total repurchase cost
190,646,600 JPY
(4)
Repurchase period
1 September 2023 to 14 September 2023
(5)
Method for Repurchase
From the open market via the Tokyo Stock Exchange
2. Cumulated Shares Repurchased since the 10 August 2023 Board Meeting
(1)
Total number of shares
300,000 shares
repurchased
(2)
Total repurchase cost
493,799,500 JPY
3. Details of Matters Related to the Share Disposal
(1) Class of shares to be
Common stock
disposed
(2)
Total number of shares
300,000 shares
to be disposed
(2.5% of the total number of shares issued [excluding treasury stock※])
(3)
Scheduled disposal
31 October 2023
Treasury stock includes the 14,400 shares held by the "BEENOS ESOP Trust Fund" as of 31 August 2023
(Reference)
1. Details of Matters Related to the Share Repurchase resolved on 10 August 2023
(1)
Class of shares to be
Common stock
repurchased
(2)
Total number of shares
300,000 shares
to be repurchased
(2.4% of the total number of shares issued [excluding treasury stock※])
(3)
Total repurchase cost
500,000,000 JPY
(4)
Repurchase period
14 August 2023 to 30 September 2023
Treasury stock includes the 20,800 shares held by the "BEENOS ESOP Trust Fund" as of 10 August 2023
2. Details of Matters Related to the Share Disposal resolved on 10 August 2023
(1)
Class of shares to be
Common stock
disposed
(2)
Total number of shares
All shares acquired listed above in (2)
to be disposed
(3)
Scheduled disposal
31 October 2023
-END-
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Beenos Inc. published this content on 15 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2023 00:02:07 UTC.
BEENOS Inc, formerly netprice.com, Ltd., mainly operates mail-order sales business. It has two segments. The E-commerce segment operates business through three business divisions. The Gathering division is engaged in the mail-order sales through personal computers (PCs), cell phones and smart phones. The Value Cycle division is involved in the purchase, maintenance and sale of secondhand brand-name products, watches, accessories and others. The Cross Boarder division is engaged provision of services making overseas products available for purchase for Japanese clients. The Incubation segment is involved in the provision of Japan products overseas forwarding services, the production of talent licensed products, and the marketing and promotion business focusing on smart phones.
BEENOS INC. 
