TechnoPro : Notice Regarding Stock Split and Partial Amendment to the Articles of Incorporation
May 28, 2021 at 02:03 am EDT
Share
To Whom It May Concern,
May 28, 2021
Corporate Name:
TechnoPro Holdings, Inc.
(Code:6028, TSE First Section)
Representative:
Yasuji Nishio, President, Representative Director & CEO
Contact:
Toshihiro Hagiwara, Director & CFO
(Tel. 03-6385-7998)
Notice Regarding Stock Split and Partial Amendment to the Articles of Incorporation
On May 28, 2021, the TechnoPro Holdings, Inc. Board of Directors has resolved a three-for-one stock split and partial amendment to its Articles of Incorporation, as described below.
1. Purpose of the stock split
Through the stock split, TechnoPro Holdings, Inc. intends to lower the price of each trading unit, making its shares more accessible to a wider range of investors and enhancing liquidity in the stock market.
2. Overview of the stock split
Method
With Wednesday, June 30, 2021 as the record date, TechnoPro Holdings Inc. will conduct a three-for-one split for each share outstanding held by shareholders listed or recorded on the final shareholders registry as of said date.
Number of shares to be increased by the stock split
i. Number of shares outstanding before the stock split
36,140,388 shares
ii. Number of shares added through the stock split
72,280,776 shares
iii. Number of shares outstanding after the stock split
108,421,164 shares
iv. Total number of authorized shares after the stock split
300,000,000 shares
(3) Schedule
i. Public notice date of the record date
Tuesday, June 15, 2021
ii. Record date
Wednesday, June 30, 2021
iii. Effective date
Thursday, July 1, 2021
3. Partial amendment to the Articles of Incorporation
Reason for the amendment
Upon the implementation of the stock split described above, TechnoPro Holdings, Inc. will change the total number of authorized shares stated in Article 6 of its Articles of Incorporation effective Thursday, July 1, 2021, pursuant to the Article 184, Paragraph 2 of the Companies Act.
Details of the amendment
(Underlined text indicates changed text)
Current
After Amendment
Article 6. (Total Number of Shares Authorized to Be
Article 6. (Total Number of Shares Authorized to Be
Issued)
Issued)
The total number of shares authorized to be issued by
The total number of shares authorized to be issued by
the Company shall be one hundred thirty-sixmillion two
the Company shall be three hundred million (300,
hundred and ninety-sixthousand (136,296,000).
000,000).
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Schedule
Effective date: Thursday, July 1, 2021
4. Others
Change in capital
The stock split will not change the amount of share capital.
Dividends
Since the stock split will become effective Thursday, June 1, 2021, the year-end dividends for the fiscal year ending June 30, 2021 to be paid to shareholders of record on Wednesday, June 30, 2021 will be based on the number of shares before the stock split.
The year-end dividend forecast for the fiscal year ending June 30, 2021 remains unchanged from that stated in the "Notice Regarding Revisions of Earnings Guidance and Dividend Forecast" announced on April 28, 2021. TechnoPro Holdings, Inc. plans to distribute a year-end dividend of ¥122.0 per share.
Note
This document is provided for informational purpose only. If there are any discrepancies between this and the original, the original Japanese document prevails.
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Disclaimer
TechnoPro Holdings Inc. published this content on 28 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2021 06:02:04 UTC.
TechnoPro Holdings Inc is a Japan-based company mainly engaged in dispatch and contract engineers in the fields of machinery, electrical/electronics, embedded control, software development and maintenance, biochemistry and construction management. It operates through four business segments. Research and Development (R&D) Outsourcing segment provides engineer dispatch and contract work in the technical fields of machinery, electric & electronics, embedded control, information technology networks, business applications, system maintenance and operation. Construction Management Outsourcing segment dispatches engineers for construction management in the areas of construction, civil engineering. It also provides contract work for creating architectural drawings. Overseas segment provides technology outsourcing and recruitment services in China, Singapore, India and the United Kingdom. Domestic and Other segment provides recruitment services and technical education and training services.