Olympic Group Corporation [8289.T]
TOKYO, May 28 (Pulse News Wire) – Olympic Group Corporation (8289.T) announced today that its board of directors has resolved to cancel all own shares based on Article 178 of the Companies Act. The cancellation will take place immediately prior to the completion of a share exchange agreement with Pan Pacific International Holdings (PPIH) scheduled for July 1, 2026.
Under the terms of the share exchange contract signed on April 6, 2026, PPIH will acquire all outstanding shares of Olympic Group by July 1, 2026. In accordance with the agreement, Olympic Group will cancel all own shares held at the time just before the acquisition is finalized.
As of February 28, 2026, Olympic Group had 1,000,000 own shares out of a total of 23,354,223 issued shares. The cancellation will occur on July 1, 2026, marking the end of the company's own shareholding status ahead of the merger with PPIH.
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