Pan Pacific International Holds Board Meeting to Buy Back Shares Post Equity Swap

TOKYO, Jul 22 (Pulse News Wire) – Pan Pacific International Holdings Corporation (7532.T) held a board meeting today to decide on buying back shares resulting from fractional share adjustments following an equity swap transaction completed on July 01, 2026. Under Article 234, Paragraphs 4 and 5 of the Companies Act, the company resolved to repurchase 311 ordinary shares.

The buyback will occur , with the total amount paid being calculated based on the closing price of the company's ordinary shares on the Tokyo Stock Exchange on the same day. Should there be no trading activity on that day, the price used will be the first trade price recorded subsequently. This decision follows the completion of an equity swap where Pan Pacific International acted as the parent entity and Olympic Group Co., Ltd.

As the subsidiary. As part of this process, shareholders of Olympic Group received fractional shares which did not meet the threshold of one whole share. According to legal provisions, these fractional shares will now be repurchased by Pan Pacific International.