(Share repurchase under the Articles of Incorporation pursuant to
Article 165, Paragraph 2 of the Companies Act)
MEDLEY, INC. ("the Company") hereby announces that the Company resolved at its Board of Directors Meeting held on November 12, 2021 that the Company will repurchase its common shares pursuant to Article 156 of the Companies Act of Japan (the "Companies Act"), as applied pursuant to Paragraph 3, Article 165 of the Companies Act, as described below.
Purpose of Share Repurchase
The company will repurchase its own shares in order to respond flexibly to changes in share price and to return profits to shareholders.
Details of Share Repurchase
(1)
Class of shares to be repurchased:
Common Shares of the Company
(2)
Total number of shares to be repurchased:
Up to 600 thousand shares
(1.86% of the total number of shares issued)
(3)
Aggregate repurchase amount:
Up to 1,800 million yen
(4)
Repurchase period:
November 15, 2021 to December 30, 2021
(Reference) Treasury shares held as of September 30, 2021
Total number of shares issued (excluding treasury shares):
32,174,900 shares
Total number of treasury share:
3,000 shares
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Disclaimer
Medley Inc. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 06:06:13 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.