Dentsu Group Announces Acquisition of Own Shares
Feb 14, 2022
- IR-Timely Disclosure
- Management
(Acquisition of the Company’s own shares pursuant to its Articles of Incorporation in accordance with the provisions of Article 165, Paragraph 2 of the Companies Act)
Dentsu Group Inc. (Tokyo: 4324; ISIN: JP3551520004; President & CEO: Hiroshi Igarashi; Head Office: Tokyo; Capital: 74,609.81 million yen) today convened a meeting of its Board of Directors. The Board resolved to authorize the acquisition of the Company’s own shares pursuant to its Articles of Incorporation in accordance with Article 156 of the Companies Act, as applied mutatis mutandis pursuant to the provisions of Article 165, Paragraph 3 of the Act.
1. Reason for Acquisition of Own Shares
To implement a flexible capital policy in response to changes in the management environment as well as to return further profits to shareholders and further improve capital efficiency.
2. Details of Matters Related to the Acquisition
| 1. Class of shares to be acquired: | Common stock of the Company |
| 2. Total number of shares that may be acquired: | 20,000,000 (maximum) shares (7.30% of the total number of shares issued (excluding treasury stock)) |
| 3. Total acquisition cost: | 40 billion yen (maximum) |
| 4. Acquisition period: | From February 15, 2022 to December 23, 2022 |
| 5. Method of acquisition: | Market purchase on the Tokyo Stock Exchange Through a discretionary trading authorization agreement (planned) |
(For Reference)
Treasury stock held as of December 31, 2021:
- Total number of shares issued (excluding treasury stock): 274,016,579 shares
- Number of treasury stock shares: 14,393,421 shares
For Additional Inquiries
| Tokyo | London | |
|---|---|---|
| Media – Please contact Corporate Communications: |
Shusaku Kannan: +81 3 6217 6602 s.kannan@dentsu.co.jp |
Dani Jordan: +44 7342 076 617 dani@dentsu.com |
| Investors & analysts – Please contact Investor Relations: |
Yoshihisa Okamoto: +81 3 6217 6613 yoshihisa.okamoto@dentsu.co.jp |
Kate Stewart: +44 7900 191 093 kate.stewart@dentsu.com |
