TOKYO, Mar 09 (Pulse News Wire) – Dai Nippon Printing CO.,LTD. (7912.T) resolved at its board meeting held on March 09 to cancel 85 million shares based on Article 178 of the Companies Act.
This cancellation represents 16.21% of the outstanding shares prior to the cancellation. Following the cancellation, the total number of outstanding shares will decrease from 524,680,692 to 439,480,692.
The share cancellation is scheduled to take place on [DATE_1]. This move is aimed at enhancing shareholder value through strategic adjustments to the capital structure.
The company's leadership believes this action aligns with long-term corporate strategy and governance objectives.
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