TOKYO, Jun 16 (Pulse News Wire) – Vario Secure Inc. (4494.T) resolved today during its board meeting to cancel all own shares based on Article 178 of the Companies Act.
This decision follows the share exchange agreement signed on April 14, 2026, with HEROZ Corporation, which stipulates that HEROZ will acquire all outstanding shares of Vario Secure except those held by HEROZ itself by June 30, 2026. Under the agreement, Vario Secure will cancel all own shares immediately prior to the completion of the share exchange transaction.
As of May 31, 2026, Vario Secure holds 4,427 own shares out of a total of 4,544,461 issued shares. This cancellation is set to take place on June 30, 2026, aligning with the timeline established in the share exchange contract.
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