TV Asahi : Notice Regarding Results of Acquisition of Own Shares through Off-Auction Own Share Repurchase Trading (ToSTNeT-3)
November 12, 2020 at 10:09 pm
Share
November 13, 2020
Company name:
TV Asahi Holdings Corporation
Representative:
Hiroshi Hayakawa, Chairman and CEO
Securities code:
9409 (Tokyo Stock Exchange, First Section)
Contact:
Masaya Fujinoki, Senior Executive Director
Telephone:
+81-3-6406-1115
Notice Regarding Results of Acquisition of Own Shares through Off-Auction Own Share
Repurchase Trading (ToSTNeT-3)
TV Asahi Holdings Corporation (the "Company") announces that, in line with the announcement made on November 12, 2020, the Company has acquired its own shares as detailed below.
1. Reason for Acquisition of Own Shares
To improve capital efficiency and implement flexible capital policies that are responsive to changes in the business environment.
2. Details of Acquisition
(1)
Type of shares acquired:
Common stock of the Company
(2)
Total number of shares acquired:
1,409,000 shares
(3)
Total value of shares acquired:
2,464,341,000 yen (1,749 yen per share)
(4)
Acquisition date:
November 13, 2020
(5)
Method of acquisition:
Purchase via Tokyo Stock Exchange's off-auction own share
repurchase transaction (ToSTNeT-3)
Reference:
1. Details of the resolution made at a meeting of the Board of Directors held on November 12, 2020
(1)
Type of shares to be acquired:
Common stock of the Company
(2)
Total number of shares authorized
1,800,000 shares (maximum)
to be acquired:
(1.7% of total outstanding shares [excluding treasury stock])
(3)
Total value of shares to be
3,500,000,000 yen (maximum)
acquired:
(4)
Acquisition period:
November 13, 2020 through March 31, 2021
(5) Method of acquisition:
Market purchase on the Tokyo Stock Exchange
Purchase via off-auction own share repurchase transaction (ToSTNeT-3)
Market purchase pursuant to a discretionary transaction contract concerning the acquisition of own shares
2. Cumulative number of own shares acquired (as of November 13, 2020) pursuant to the resolution of the Board of Directors (detailed above)
(1)
Total number of shares acquired:
1,409,000 shares
(2)
Total acquisition value:
2,464,341,000 yen
Note: Since the total number of shares acquired through this purchase and the total acquisition value did not amount to either the maximum total number of shares authorized to be acquired (1,800,000 shares) or the total value of shares scheduled to be acquired (3.5 billion yen), as resolved by the Board of Directors (detailed above), the Company will engage in market purchase on the Tokyo Stock Exchange through March 31, 2021, pursuant to a discretionary transaction contract concerning the acquisition of own shares.
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TV Asahi Holdings Corporation published this content on 13 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2020 03:08:04 UTC
TV Asahi Holdings Corporation, is a Japan-based broadcasting company. The Company operates in three business segments. The Television (TV) Broadcasting segment is involved in the production and broadcasting of TV programs. The Music Publishing segment is involved in the management of music copyrights and related rights, as well as the artist management and the recording businesses. The Others segment is engaged in the Internet business, event business, movie investment business, shopping business and other businesses.
TV ASAHI HOLDINGS CORPORATION 
