MEIKO NETWORK JAPAN CO.,LTD. [4668.T]
TOKYO, Apr 10 (Pulse News Wire) – Meiko Network Japan CO.,LTD. (4668.T) resolved to cancel its own shares at a board meeting held , aiming to enhance shareholder returns and improve capital efficiency.
Under Article 178 of the Companies Act, the company plans to cancel 2,000,000 shares, representing 7.19% of the outstanding shares prior to cancellation. The cancellation is scheduled for April 28, 2026. Following the cancellation, the total number of outstanding shares will be 25,803,600.
The remaining self-held shares will amount to 339,269, which represents 1.31% of the post-cancellation outstanding shares. These retained shares will be used for restricted stock awards for executives and employees. This move underscores MEIKO NETWORK JAPAN's commitment to optimizing its capital structure and enhancing overall operational performance.
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