TOKYO, May 14 (Pulse News Wire) – GMS Group CO.,LTD. (544A.T) announced today that its board of directors resolved to repurchase fractional shares resulting from a stock transfer involving Nichieki Resin Industry Co., Ltd.
And TOYO Innovex Co., Ltd. on April 1, 2026. According to the resolution, the company will buy back ordinary shares totaling 1,377 based on the closing price of their common stock on the Tokyo Stock Exchange on the day of purchase, which is set at ¥385 per share. The total amount paid for the repurchase will be ¥530,145.
This repurchase follows the establishment of GMS Group as a holding company through the stock transfer on April 1, 2026. As part of the process, fractional shares less than one whole share were handled according to Article 234, Paragraph 4 of the Companies Act, leading to the decision to repurchase these shares as treasury stock. At the time of the repurchase resolution, the company had a total of 70,934,220 outstanding ordinary shares, with 1,775 being treasury shares. The repurchase is scheduled to take place.
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