On the 14th, Akatsuki Honsha <8737> announced that it had made resolutions regarding the matters related to the purchase of its own shares based on the provisions of Article 156 of the Companies Act, which will be applied by interpretation under Article 165, of the Companies Act.
The company has decided to acquire its own shares taking into account recent stock prices, in order to pursue a flexible capital policy to respond to changes in the business environment and enhance shareholder returns. Some of the shares acquired this time may be allocated to the Board Benefit Trust (BBT) for future stock grants for executives.
The upper limit of the purchase price of the shares to be acquired is 0.25 billion yen and the upper limit of the total number of shares to be acquired is 0.5 million shares (1.6% of the total number of issued shares excluding the shares to be acquired).
The period of the acquisition is from August 15, 2024 to March 31, 2025.