Marui : Notice of Progress of Acquisition of Treasury Stock
September 13, 2022 at 02:10 am EDT
Share
September 1, 2022
Company Name: MARUI GROUP CO., LTD.
Representative Name: Hiroshi Aoi
President and Representative Director
(Securities Code: 8252, Tokyo Stock Exchange,
Prime Market)
Inquiries: Masakazu Iizuka,
General Manager, Financial Department
(TEL: 03-3384-0101)
Notice of Progress of Acquisition of Treasury Stock
(Acquisition of treasury stock in accordance with the provisions of the Articles of Incorporation pursuant to
Article 165, Paragraph 2 of the Companies Act)
Marui Group Co., Ltd. hereby announces the progress of the acquisition of treasury stock in accordance with the provision of Article 156 of the Companies Act as applied pursuant to Article 165, Paragraph 3 of the same act, as follows:
1.
Class of acquired shares
Common stock
2.
Total number of acquired shares
279,000
3.
Total value of acquired shares
688,527,500 yen
4.
Acquisition period
From August 6 to August 31, 2022
5.
Acquisition method
Market purchase on the Tokyo Stock Exchange
(Reference)
1. Resolution of the Board of Directors meeting held on May 12, 2022, and resolution of the Board of Directors meeting held on August 5, 2022 regarding partial amendments on items regarding the acquisition of treasury stock
(1) Class of shares to be acquired
Common stock
(2)
Total number of shares that may be acquired
Up to 15 million shares
(7.49% of the total number of shares issued, excluding treasury stock)
(3)
Total value of acquired shares
Up to 26 billion yen
(4) Acquisition period
From August 6, 2022 to March 31, 2023
2. Total number of shares acquired in accordance with the above resolutions of the Board of
Directors (as of August 31, 2022)
(1)
Total number of acquired shares
279,000 (progress rate: 1.9%)
(2)
Total value of acquired shares
688,527,500 yen (progress rate: 2.6%)
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Marui Group Co. Ltd. published this content on 13 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2022 06:09:04 UTC.
Marui Group Co, Ltd. specializes in retailing. Net sales break down by activity as follows:
- financial services (65.2%): emission of credit cards, consumer credits grant and insurance services;
- retail distribution (34.8%): sale of clothes, decorative items, domestic articles and food products. The group also provides transportation, advertising services, stores maintenance, management and development, etc.