YOKOHAMA, Japan--(BUSINESS WIRE)--AOKI
Holdings Inc. (TOKYO:8214)(ISIN:JP3105400000) hereby serves notice
that, the Company acquired treasury shares as announced on August 24,
2015. Details are as follows.
With this acquisition, share repurchase pursuant to the Board of Directors’ resolution of May 8, 2015 was completed.
1. Reason for share repurchase
AOKI Holdings repurchased treasury shares in order to adopt timely and flexible financial strategies in response to changes in the operating environment and to enhance shareholder value.
2. Details of share repurchase
|(1)||Type of shares acquired:||Common stock of AOKI Holdings|
|(2)||Total number of shares acquired:||500,000 shares|
|(3)||Acquisition cost:||691,000,000 yen (1,382 yen per share)|
|(4)||Date of acquisition:||August 25, 2015 (Tuesday)|
|(5)||Method of acquisition:||Transaction through Off-Auction Own Share Repurchase Trading System of the Tokyo Stock Exchange (ToSTNeT-3)|
|1. Details of the resolution of share repurchase (announced on May 8, 2015)|
|(1)||Type of shares to be acquired:||Common stock of AOKI Holdings|
|(2)||Total number of shares to be acquired:||
Up to 1.2 million shares
|(3)||Total value of shares to be acquired:||Up to 2.5 billion yen|
|2. Total number of shares acquired based on the above Board of Directors’ resolution up to August 25, 2015|
|(1)||Total number of shares acquired:||1,200,000 shares|
|(2)||Total value of shares acquired:||1,904,713,579 yen|
As a corporate group that continues to break the mold and innovate, the AOKI Group has worked to meet the needs of customers in a variety of life scenes. This has led to our expansion into new markets, including the bridal and entertainment businesses.