Ito En : Notice Concerning the Status of the Repurchase of Shares
April 01, 2022 at 02:33 am EDT
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April 1, 2022
NEWS RELEASE
Notice Concerning the Status of the Repurchase of Shares
(Repurchase of Shares under Articles of Incorporation pursuant to Article 165,
Paragraph 2 of the Companies Act of Japan)
We hereby inform you the Status repurchase of shares conducted in March pursuant to Article 156 of the
Companies Act of Japan (the "Companies Act") as applied pursuant to Article 165, Paragraph 3 of the
Companies Act, concerning which repurchase notification was given on February 25, 2022 as follows.
1.Class of shares repurchased
Class-A Preferred Stock of ITO EN
2.Total number of shares repurchased
122,500 shares
3.Total value of shares repurchased
240,515,400 JPY
4.Period of repurchase
From March 4, 2022 to March 31, 2022(execution base)
5. Method of repurchase
Purchase in the market through a trust bank
(Reference)
1. Repurchase of shares resolved at a meeting of the board of directors held on February 25, 2022
(1)Class of shares to be repurchased
Class-A Preferred Stock of ITO EN
(2)Total number of shares to be repurchased
1,000,000 shares (upper limit)
(3.0% of total issued shares outstanding, excluding
treasury stock)
(3)Total value of shares to be repurchased
2.2 billion JPY (upper limit)
(4)Period of repurchase
From March 1, 2022 to April 20, 2022
(5)Method of repurchase
Market purchases on the Tokyo Stock Exchange
1. Purchase in the market through a trust bank
2. Purchases through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase
Trading System(ToSTNeT-3)
(Note) Depending on market conditions and other factors, a part or all of the transaction may not
be performed
2. Total number of shares repurchased pursuant to the above resolution of the board of directors(as of March
31, 2022)
(1)Total number of shares repurchased:
122,500 shares
(2)Total value of shares repurchased:
240,515,400 JPY
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ITO EN Ltd. published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 06:32:09 UTC.
ITO EN, LTD. is mainly engaged in the manufacture and sale of tea and drinks. The Company operates in three business segments. The Leaf and Drink related segment is engaged in the manufacture and sale of green tea, oolong tea, and barley tea. This Segment also plans and develops beverages, purchases and sells finished products, purchases raw materials for fruit juice and coffee, processes dairy products, such as yogurt, and cultivates tea leaves. The Food and Drink related segment operates and franchises restaurants of specialty coffee in Japan. The Others segment is involved in the manufacture and sell of supplements in Florida.