Osaka, Japan - Shionogi & Co., Ltd. (Head Office: Osaka, Japan; President and CEO: Isao Teshirogi, Ph.D.; hereafter 'Shionogi') announces information relating to the implementation of the acquisition of treasury stock and the cancellation of treasury stock, which were resolved at the Board of Directors meeting held on May 11, 2022. The acquisition and cancellation of the treasury stock was subject to the approval of shareholders at the General Meeting of Shareholders regarding the disposition of treasury stock by way of third-party allotment for the purpose of supporting the activities of the Shionogi Infectious Diseases Research Promotion Foundation, a General Incorporated Foundation. This time, this proposal was approved at the Ordinary General Meeting of shareholders held on June 23, 2022.
This announcement contains forward-looking statements. These statements are based on expectations in light of the information currently available, assumptions that are subject to risks and uncertainties which could cause actual results to differ materially from these statements. Risks and uncertainties include general domestic and international economic conditions such as general industry and market conditions, and changes of interest rate and currency exchange rate. These risks and uncertainties particularly apply with respect to product-related forward-looking statements. Product risks and uncertainties include, but are not limited to, completion and discontinuation of clinical trials; obtaining regulatory approvals; claims and concerns about product safety and efficacy; technological advances; adverse outcome of important litigation; domestic and foreign healthcare reforms and changes of laws and regulations. Also for existing products, there are manufacturing and marketing risks, which include, but are not limited to, inability to build production capacity to meet demand, lack of availability of raw materials and entry of competitive products. The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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