Lion: Notice Regarding the Acquisition of Own Shares through Non-Auction Own Share Repurchase Transactions (ToSTNeT-3) and the Cancellation of Own Shares
February 14, 2022
Company name: Lion Corporation
Representative: Masazumi Kikukawa,
President and CEO
Tokyo Stock Exchange
Notice regarding the acquisition of treasury shares through non-auction treasury shares
Repurchase agreement (ToSTNeT-3) and cancellation of own shares
(The acquisition of own shares on the basis of the articles of association drawn up in accordance with the rules of article 459, paragraph 1, of the company law by means of operations for the repurchase of own shares outside the auction (ToSTNeT-3 ); specific acquisition methods for all related transactions; and cancellation of treasury shares based on the rules of Article 178 of the Companies Act)
Lion Corporation (“Lion”) hereby announces a decision taken at today’s meeting of the Board of Directors. The decision specifies that the Company will acquire own shares according to the rules of the Company’s articles of association in accordance with article 459, paragraph 1 of the Company Code; specific vesting terms for all related transactions; and that the Company will cancel the treasury shares on the basis of the rules of article 178 of the Company Law.
Purpose of the acquisition and cancellation of own shares
Lion has decided to acquire and cancel treasury shares to improve its capital efficiency and shareholder return based on the capital policy of Vision2030 1st STEP, the mid-term management plan announced today. today.
Details of the aforementioned mid-term management plan were disclosed in the press release “Lion Announces Vision2030 1st STEP, its new mid-term management plan”, issued today.
Lion will tender the acquisition, at today’s (February 14, 2022) final price (including the final special listing price), through a non-auction treasury stock buyback transaction (ToSTNeT-3) on the Tokyo Stock Exchange at 8:45 a.m. in February. 15 2022. (Lion will not change trading system or trading time.) The buy order is an order with a limited trading time.
In addition, regarding the acquisition price, Lion will issue another notice after determining today’s final price.
- Content of questions related to the acquisition
- Type of shares to acquire: Common shares of Lion
(2) Total number of shares that can be acquired: 7,300,000 shares (ceiling)
(Percentage of total shares issued excluding treasury shares: 2.5%)
- Total value of stock purchase price: ¥10,000,000,000 (upper limit)
- Announcement of acquisition results: To be published after market close at 8:45 a.m. on February 15, 2022
4. Content of the cancellation
- Type of shares to be cancelled: Common shares of Lion
- Total number of shares to cancel: All treasury shares acquired via point 3 above
- Planned cancellation date: February 22, 2022
Reference: Ownership of treasury shares as of December 31, 2021
Total number of shares issued (excluding treasury shares): 290,732,834 shares
Number of treasury shares:
- The number of treasury shares includes 768,785 shares held by the BIP executive compensation trust.
Lion Corporation published this content on February 14, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on February 14, 2022 06:32:01 UTC.
Public now 2022
Trends in Technical Analysis LION CORPORATION
|Short term||Middle term||Long term|
Evolution of the income statement
|Number of analysts||12|
|Last closing price||
|Average target price||
|Average Spread / Target||30.5%|