TOKYO, Jun 03 (Pulse News Wire) – Mimosa CO.,LTD. (191A.T) announced today that its board of directors has resolved to seek shareholders' approval for delisting from the Tokyo Pro Market and amending certain provisions of its articles of incorporation at its upcoming annual general meeting scheduled for June 29, 2026.
The company's application for delisting is aimed at enhancing operational efficiency and enabling more rapid decision-making processes necessary for future growth. Since listing on the Tokyo Pro Market in June 18, 2024, Mimosac has experienced stable growth but now believes that delisting will allow for greater flexibility and speed in strategic planning. Key milestones include sending out notices to shareholders on June 03, 2026, holding the annual general meeting on June 29, 2026, submitting the delisting request on June 29, 2026, and expecting the delisting to take effect on June 18, 2024.
Following acceptance by the Tokyo Stock Exchange, shares will be designated as non-traded securities until the final delisting date of June 12, 2026. Additionally, should the delisting proposal pass, Mimosac plans to amend its articles of incorporation to reflect the transition to private status, effective July 30, 2026. Changes will primarily involve altering methods of shareholder communication and adding restrictions on share transfers to ensure smoother operations post-delisting.
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