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Completion of Share Repurchases through Off-Auction Own Share Repurchase Trading System ("ToSTNeT-3")
July 10, 2024
TOKYO, JAPAN (July 10, 2024) – Recruit Holdings Co., Ltd. (TSE: 6098) (the “Company”) announced that the following transaction has been completed today in connection with the share repurchase announced yesterday, July 9, 2024.
Reasons for the purchases
The Company repurchased its shares through ToSTNeT-3 with the aim of further improving capital efficiency and maximizing shareholder returns, after considering several factors including the ability to make strategic business investments, the current stock price, market conditions, and the forecast of our financial position.
Details of the purchases
| Types of shares | Common stock of Recruit Holdings Co., Ltd. |
|---|---|
| Total number of shares repurchased | 8,650,000 shares (up to 0.56% of total number of shares issued and outstanding (excludes treasury stock)) |
| Total purchase price | 79,164,800,000 yen (maximum) |
| Date | July 10, 2024 |
| Method | Purchases through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) |
Details of the repurchase resolved by the Board of Directors on July 9, 2024
| Types of shares | Common stock of Recruit Holdings Co., Ltd. |
|---|---|
| Total number of shares to be repurchased | 87,000,000 shares (maximum) (up to 5.67% of total number of shares issued and outstanding (excludes treasury stock)) |
| Total purchase price | 600 billion yen (maximum) |
| Period | From July 10, 2024 to July 9, 2025 |
| Method | (1) Market purchases on the Tokyo Stock Exchange, Inc. through an appointed securities dealer with transaction discretion (2) Purchases through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) |
