Source disclosure: February 26, 2026, 15:30 JST
TOYO TEC CO.,LTD. [9686.T]
TOKYO, Feb 26 (Pulse News Wire) – Toyo TEC CO.,LTD. (9686.T) announced today that its board of directors resolved to acquire and retire shares free of charge in connection with the termination of its employee share trust program.
The company initiated the program in 2023 but plans to end it by March 31, 2026, according to the regulations set forth in the trust agreement with Resona Bank Corporation. Under the terms of the trust agreement, TOYO TEC will acquire residual ordinary shares totaling 7,540 shares without payment, adhering to Article 155, Paragraph 13 of the Companies Act and Rule 27, Item 1 of the Companies Act Enforcement Regulations. The acquisition is scheduled for March 19, 2026, followed by the retirement of those shares on the same day.
Details of the share acquisition include: - Type of shares acquired: Ordinary shares - Total number of shares acquired: 7,540 shares (representing 0.07% percent of outstanding shares) - Acquisition price: - Acquisition date: March 19, 2026 (tentative) - Source of acquisition: Resona Bank Corporation (Trust Account) The acquiring entity, Resona Bank Corporation (Trust Account), operates primarily out of Tokyo, Chuuou Ku Harumi Ichi Choume 8-12, Aomi Island Triton Square Office Tower Z, with a capital of ¥51.00 billion. Its main activities include securities management and custodial services. In addition, TOYO TEC will retire a total of 7,540 ordinary shares (comprising 0.07% percent of outstanding shares) on March 19, 2026.
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