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Notice of Extension of the Acquisition Period for Treasury Stocks

(Translation)

Dear all,

Name of Company: SEGA SAMMY HOLDINGS INC.
Name of Representative: Haruki Satomi,
President and Group CEO, Representative Director
(Code No. 6460, Tokyo Stock Exchange Prime)
Further Inquiry: Makoto Takahashi,
Executive Vice President, Executive Officer,
Managing Director of Corporate Planning Division
(TEL: 03-6864-2400)

 

 

Notice of Extension of the Acquisition Period for Treasury Stocks

(Acquisition of Treasury Stock Based on Articles of Incorporation Pursuant to Article 165 Paragraph 2 of the Companies Act of Japan)

 

 

SEGA SAMMY HOLDINGS INC. (the “Company”) resolved the matter related to the acquisition of treasury stocks at Board of Directors meeting held on April 28, 2023, pursuant to the provisions of Article 156 of the Companies Act of Japan as applied by replacing the provisions stipulated in Article 165 Paragraph 3 of the same law.
 The Company hereby announces that it resolved to extend the period for acquisition of treasury stock as follows at the Board of Directors meeting held today.

 

 

Description

 

 

1. Reason for Extension of Acquisition Period
   　As announced in the ” Notice Regarding the Status of Acquisition of Treasury Stocks” released on August 1, 2023, the number of shares acquired as of July 31, 2023 was 0 shares, and the number of shares to be acquired in August is also expected to be 0 shares.
   This is because the Company decided not to acquire its treasury stocks during the period when it might be judged to have undisclosed material facts, from the viewpoint of avoiding infringement of insider trading regulations. The Company decided to extend the acquisition period, because the acquisition of treasury stocks is in accordance with its shareholder return policy.

 

2. Acquisition period of treasury stocks

(Part changed is underlined)

Before change	After change
From May 1, 2023 to September 29, 2023	From May 1, 2023 to March 29, 2024

 

 

 

[Reference]

1. Details of Board of Directors resolution about acquisition of treasury stocks (released on April 28, 2023)

(1) Type of shares to be acquired	Common shares
(2) Total number of shares to be acquired	8,000,000 shares (upper limit) (Ratio to total number of issued and outstanding shares (excluding treasury stocks): 3.62%)
(3) Total cost of acquisition	10.0 billion yen (upper limit)
(4) Acquisition period	From May 1, 2023 to September 29, 2023
(5) Acquisition method	Market purchase on the Tokyo Stock Exchange

 

 

2. Cumulative total of treasury stocks acquired pursuant to the above (as of July 31, 2023)

(1) Total number of shares acquired	0 shares
(2) Total cost of acquisition	0 yen

 

 

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