Orchestra Holdings <6533> announced on the 14th that it has resolved and announced matters related to the acquisition of treasury stock based on the provisions of Article 156 of the Company Law, which are applied by rephrasing under Article 165, paragraph 3 of the same law.
The company aims to acquire treasury stock to enable the implementation of a flexible capital policy that responds to changes in the management environment, taking into account factors such as stock price levels and financial conditions. Regarding the disposal of the acquired treasury stock, there is a possibility of utilizing it for strategic M&A transactions where the company's stock is used as consideration.
The total number of shares that can be acquired is up to 150,000 shares (ratio of 1.52% to the total number of issued shares excluding treasury stock), and the total amount is up to 0.1 billion yen. The acquisition period is scheduled from November 15, 2024, to January 31, 2025, based on the all filled basis.
