TOKYO, May 28 (Pulse News Wire) – Vertex Corporation (5290.T) announced today that its board of directors, meeting on May 28, resolved to cancel own shares based on Article 178 of the Companies Act. The cancellation aims to normalize the level of own share holdings and reduce future dilution risk.
A total of 2,800,000 ordinary shares will be canceled, representing 4.85% of the outstanding shares prior to cancellation. The cancellation is scheduled for June 11, 2026.
As of the resolution date, the shares being canceled are part of those held by the company. Following the cancellation, the total number of outstanding shares (including own shares) will be 54,906,700.
🟡 Confidence: Standard AI-translated content.