Wellness Communications Corporation [366A.T]
TOKYO, May 20 (Pulse News Wire) – Wellness Communications Corporation (366A.T) resolved at its board meeting held on May 20 to propose changes to its articles of incorporation aimed at enabling the company to purchase its own shares through a board resolution. The proposed amendments will be put forward at the 20th Annual General Meeting scheduled for June 26, 2026, contingent upon shareholder approval.
The primary objective of the amendment is to enhance capital efficiency and improve share value while allowing for more flexible capital policies in response to changing market conditions. Under the revised articles, the company would be permitted to acquire its own shares based on a board decision, adhering to Article 165, Paragraph 2 of the Companies Act.
Scheduled for implementation, the effective date of the amended provisions is also set for June 26, 2026, subject to approval during the upcoming annual general meeting.
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