TOHO TITANIUM COMPANY,LIMITED [5727.T]
TOKYO, May 14 (Pulse News Wire) – Toho Titanium Company,limited (5727.T) announced today that its board of directors has resolved to cancel all treasury shares based on Article 178 of the Companies Act. This decision follows the share exchange agreement signed with JX Metal Co., Ltd.
On February 25, 2026, which stipulates that JX Metal will acquire all outstanding shares of TOHO Titanium by June 1, 2026. Under the terms of the agreement, TOHO Titanium will cancel all its treasury shares immediately prior to JX Metal's acquisition of the remaining shares.
This includes any shares acquired through mandatory buyback requests pursuant to Article 785, Paragraph 1 of the Companies Act. As of March 31, 2026, TOHO Titanium held 84,813 treasury shares out of a total of 71,270,910 outstanding shares.
The cancellation of these shares is scheduled to take place on June 1, 2026, ahead of the merger completion date.
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