Toagosei : Announces the Situation Concerning the Acquisition of Treasury Shares
May 08, 2023 at 02:11 am EDT
Share
May 8, 2023
Company name: Toagosei Co., Ltd.
Code number
: 4045
Representative : Mikishi Takamura, President
Contact
: Akihiko Matsuda, General Manager
Corporate Communication Dept.
E-mail address: irpr@ toagosei.co.jp
Toagosei Announces the Situation Concerning the Acquisition of Treasury Shares
(Acquisition of Treasury Shares under the Stipulations in the Articles of Incorporation Pursuant to the Provisions in Article 165, Paragraph 2 of the Companies Act)
Toagosei Co., Ltd. announced today as follows the situation concerning the acquisition of treasury shares in April under the provisions in Article 156 of the Companies Act applied by replacing it with the provisions in Article 165, Paragraph 3 of that act as it resolved to do at a meeting of its Board of Directors held on February 10, 2023.
1.
Type of shares acquired:
Common stock of the Company
2.
Period of share acquisition:
April 1 to 30, 2023 (Contract basis)
3.
Total number of shares acquired:
0
4.
Total share acquisition price:
0 yen
5.
Acquisition method:
Purchase on the market at the Tokyo Stock Exchange
Reference
1. Details of the Resolution Concerning the Acquisition of Treasury Shares Made at the Meeting of the Board
of Directors Held on February 10, 2023.
(1)
Type of shares to be acquired:
Common stock of the Company
(2)
Total number of shares to be acquired:
6,000,000 (Upper limit)
(Ratio with respect to the total number of outstanding shares
(excluding treasury shares): 4.95%)
(3)
Total acquisition price:
6.0 billion yen (Upper limit)
(4)
Period of acquisition:
February 13 to December 31, 2023
2. Cumulative Total of Treasury Shares Acquired by April 30, 2023 under the Aforementioned Details of the
Toagosei Co. Ltd. published this content on 08 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2023 06:10:38 UTC.
TOAGOSEI CO., LTD. is a Japan-based company mainly engaged in the chemicals business and polymer and oligomer businesses. The Company operates through five business segments. The Basic Chemicals segment manufactures and sells sodium hydroxide, sodium hydroxide, sodium hypochlorite, sulfuric acid, industrial gases, and acrylic acid esters. The Polymer and Oligomer segment manufactures and sells acrylic polymers, polymer flocculants, and photo-curable resins. The Resin Processing Products segment manufactures and sells plumbing equipment products, building materials and civil engineering products, life support products, and elastomer compounds. The Adhesive Materials segment manufactures and sells instant adhesives and functional adhesives. The Advanced Inorganic Materials segment manufactures and sells high-purity inorganic chemicals and inorganic functional materials. It is also engaged in new products research and development business, transportation and trading company business.