TOKYO, May 20 (Pulse News Wire) – Peers CO.,LTD. (7066.T) has set a record date of June 5, 2026, for its extraordinary shareholders' meeting scheduled for August 3, 2026.
The meeting will address a capital reduction plan aimed at enhancing future flexibility and agility in capital policy. The company's board of directors decided on these measures during their meeting held. The final shareholder list as of the record date will determine those eligible to vote at the meeting. Regarding the capital reduction, Peers plans to decrease its capital stock amount from ¥100.3 million to ¥50 million.
In case any outstanding subscription rights are exercised prior to the effective date of the reduction, the final capital stock amount will be adjusted to ¥50 million. This adjustment will ensure that the total capital stock remains consistent post-exercise. The method chosen for the reduction involves transferring the entire reduced capital amount to additional paid-in capital without affecting the number of issued shares. Key milestones for the capital reduction process include: - Directors’ resolution date: May 20, 2026 - Notice of dissenters' objection publication date: June 23, 2026 - Final deadline for dissenters' objections: July 24, 2026 - Shareholders' meeting decision date: August 3, 2026 - Effective date of the capital reduction: August 3, 2026 This capital reduction will involve a reclassification within equity accounts but will not impact the company's net assets or performance, contingent upon approval at the upcoming extraordinary shareholders' meeting.
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