Casa : Notice regarding decision on matters related to treasury stock acquisition
March 16, 2022 at 02:38 am
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Company Name Representative
Inquiries
March 10, 2022
Casa Inc.
President Seigo Miyaji
(Code number: 7196 TSE First Section)
Yusuke Takasugi,
Director, General Manager of
Business Administration Department
(TEL.03-5339-1143)
Notice regarding decision on matters related to treasury stock acquisition
(Acquisition of treasury stock based on the provisions of the Articles of Incorporation pursuant to the provisions of Article 165, Paragraph 2 of the Companies Act)
At the board of directors meeting held on March 10, 2022, the Company will be involved in the acquisition of treasury stock based on the provisions of Article 156 of the Companies Act, which is applied by replacing the provisions of Article 165, Paragraph 3 of the Companies Act as follows. We are pleased to inform you that we have resolved the matters.
1. Reasons for acquiring treasury stock
To enhance shareholder returns and improve capital efficiency
2. Contents of matters related to acquisition
Types of shares to be acquired: Company's common stock
Total number of shares to be acquired: 130,000 shares (upper limit)
(Ratio to the total number of issued shares (excluding treasury stock) 1.29%)
Total acquisition price of shares: 100 Million Yen (upper limit)
Acquisition period of treasury stock: From March 11, 2022 to April 10, 2022
(Reference) Treasury stock holding situation as of February 28, 2022
Total number of issued shares (excluding treasury stock):
10,049,954 shares
Number of treasury stock:
1,152,746 shares
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Casa Inc. published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 06:37:15 UTC.
Casa Inc. is a Japan-based company engaged in provision of rent debt guarantee services. The application, examination and contract service is for a renter applies for a guarantee contract through a cooperating real estate management company, and concludes a contract after reviewed. The Company also provides a Web contract system for real estate management companies. Subrogation service prompts the tenant to pay delinquent rent after receiving a substitute payment request from the lessor if rent is delinquent after entering the rental property. The dunning service responds to rents that are delinquent depending on the payment method and the details of customer consultation. It also provides information on shopping, eating and drinking, cooking recipes, and discount services.