TOKYO, Apr 08 (Pulse News Wire) – Gfoot CO.,LTD. (2686.T) announced today that its board of directors has decided to terminate the shareholder benefits program effective August 31, 2026, contingent upon approval of a share consolidation plan at the upcoming annual general meeting scheduled for May 22, 2026.
The move aims to streamline operations by reducing the number of shareholders to just one, Ion Co., Ltd., making the ordinary shares non-public. Under the proposed merger, which would lead to delisting of the company's shares, existing shareholder benefits will cease after the dividend payment based on the record date of August 31, 2026.
As of February 28, 2026, eligible shareholders will continue to enjoy their benefits until the expiration of their current entitlements. This decision follows the company’s intention to consolidate shares and privatize its stock, aligning with previous press releases detailing the transition strategy.
Further specifics can be found in the company’s earlier communications.
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