Medley : Notice Regarding the Reductions of Stated Capital
February 28, 2022 at 01:52 am EST
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[Translation]
February 28, 2022
Company name:
MEDLEY, INC.
Representative:
Kohei Takiguchi
President and Chief Executive Officer
(TSE Mothers Code No.4480)
Contact:
Yuta Tamaru
Director and Head of Corporate Division
TEL: +813-6372-1265
Notice Regarding the Reductions of Stated Capital
MEDLEY, INC. (the "Company") hereby announced on February 28, 2022 that the Company has resolved to submit a proposal to reduce its amount of stated capital at the 13th Annual General Meeting of Shareholders to be held on March 25, 2022.
1. Purpose of Capital Reduction
The Company plans to reduce the amount of its stated capital in order to maintain a flexible and dynamic capitalization strategy in accordance with Article 447, Paragraph 1 of the Companies Act. There will be no change in the total number of shares issued and in the amount of net assets, and the reduction in its stated capital will have no impact on the number of shares held by shareholders or the amount of net assets per share.
2. Details of Capital Reduction
(1) Amount of Capital Reduction
Amount of stated capital will be reduced by ¥6,706,998,700 from its current level of ¥6,716,998,700.The entire amount of the reduction will be transferred to "Other Capital Surplus" and post-reduction capital will be ¥10,000,000.
If, for example, stock options issued by the Company are exercised by the effective date of the capital reduction, the amount of the stated capital and the amount of the stated capital after the reduction could be different from the aforementioned figures.
(2) Method of Capital Reduction
As the method of the reduction will be that of the capital reduction without contribution refunds, the total number of shares issued will not be changed and the entire amount of the capital to be reduced will be transferred to "Other Capital Surplus".
3. Schedule for Capital Reduction
(1)
Resolution by Board of Directors
February 28, 2022 (Monday)
(2)
Resolution at the 13th Annual General Meeting of Shareholders
March 25, 2022 (Friday)
(3)
Final date for Objections of Creditors
May 25, 2022 (Wednesday) (tentative)
(4)
Effective date of capital reduction
June 1, 2022 (Wednesday) (tentative)
4. Expected impact from Capital Reduction
This matter is a transfer between accounts classified in the net assets of the balance sheet, and there will be no change in the Company's total net assets and no impact on its business performance. This matter is subject to approval at the 13th Annual General Meeting of Shareholders to be held on March 25, 2022.
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Medley Inc. published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 06:51:09 UTC.
Medley, Inc. is a Japan-based company mainly engaged in the provision of various Internet services in the medical healthcare field. The Company operates in three business segments. The Human Resources Platform segment is engaged in the operation and provision of a performance-based human resource recruitment system Job Medley for solving the shortage and uneven distribution of human resources in the medical healthcare field. The Medical Platform segment is engaged in the development and provision of an online medical care system CLINICS and a medical information provision system MEDLEY to improve the operational efficiency of medical institutions and improve medical access for patients. The New Development Services segment is engaged in the development of nursing care facilities search site Kaigonohonne.