Open House : Notice Regarding the Status and Completion of Acquisition of Treasury Share
August 02, 2022 at 05:40 am EDT
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[Translation for Reference Purpose Only]
August 2, 2022
To All Concerned Parties
Company Name:
Open House Group Co., Ltd.
Representative:
Masaaki Arai, President and CEO
Securities code:
3288, TSE
Contact:
Kotaro Wakatabi, Senior Managing Director and CFO
Notice Regarding the Status and Conclusion of Acquisition of Treasury Share
(Acquisition of Treasury Share Pursuant to Article 165, Paragraph 2 of the Companies Act and the
Company's Articles of Incorporation)
Open House Group Co., Ltd. (the "Company") hereby announces that the Company acquired its treasury shares in accordance with Article 156 of the Companies Act, applied following the deemed replacement of terms pursuant to the provisions of Article 165, paragraph 3 of the same Act.
This concludes acquisition of the Company's treasury shares in accordance with the resolution made at the Board of Directors meeting held on May 13, 2022.
(1)
Type of shares to be acquired
Common shares
(2)
Period of acquisition
August 1, 2022 (on a contract basis)
(3)
Total number of shares to be acquired
6,200 shares
(4)
Total amount for share acquisition
¥ 36,177,000
(5)
Method of acquisition
Open market purchases on the Tokyo Stock
Exchange
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5,796,800 shares
(4.81% of total number of shares outstanding) ¥ 29,999,898,000
(References)
1. Details of the resolution approved at the Board of Directors meeting held on May 13, 2022
(1)
Type of shares to be acquired
Common shares
(2)
Total number of shares to be acquired
7,500,000 shares (maximum)
(5.94% of total number of shares outstanding)
(3)
Total amount for share acquisition
¥ 30 billion (maximum)
(4)
Acquisition period
May 16, 2022 to September 30, 2022
(5)
Acquisition method
(i) Purchases through Off-Auction Own Share
Repurchase Trading (ToSTNeT-3) of the Tokyo
Stock Exchange
Open market purchases on the Tokyo Stock Exchange
2. Total number and value of shares to be acquired pursuant to the above resolution of the Board of Directors (as of August 1, 2022)
(1) Total number of shares to be acquired
(2) Total cost of shares to be acquired
3. Details of cancellation of shares pursuant to the above resolution of the Board of Directors
(1)
Type of shares to be cancelled
Common shares
(2)
Number of shares to be cancelled
5,796,800 shares
(3)
Scheduled date of cancellation
September 30, 2022
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Open House Co. Ltd. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 09:39:11 UTC.
Open House Group Co Ltd is a Japan-based company primarily engaged in the real estate related business. The Company operates through four business segments. The Detached Houses segment is engaged in the brokerage (open house), city center detached house sales (open house development), construction contract (open house architect), and quasi-city center detached house sales (Hawk One). The Profitable Real Estate Business segment is engaged in the acquisition, operation, sales of domestic profitable real estate. The Condominium Business segment is engaged in the development and sales of new condominiums. It works on compact type and family type condominiums mainly in the central areas of Tokyo, Nagoya and Fukuoka areas. The Other segments include mortgage business, financial services business, real estate market analysis and real estate sales in the United States.
OPEN HOUSE GROUP CO., LTD. 
