According to the company’s website press release on April 26, 2023, the Board of Directors of Tokyo Gas Co., Ltd. meeting, resolved to acquire treasury shares pursuant to Article 156 of the Companies Law as applied mutatis mutandis to Article 165:3 of the law.
1. Reason for acquisition of treasury shares: For return to shareholders based on the Company’s shareholder-return policy.
2. Details of acquisition -Type of stock to be acquired: Tokyo Gas common stock -Total number of shares to be acquired: 53 million (upper limit) (Rate to number of shares outstanding 12.2％) -Total value of shares to be acquired: ¥113 billion (upper limit) -Term of acquisition: May 8, 2023-March 31, 2024
Reference
Number of outstanding shares as of March 31, 2023: 434,875,059 shares.
Number of treasury stock held as of March 31, 2023: 1,455,205 shares.
