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Recruit Holdings Announces Share Repurchases through Off-Auction Own Share Repurchase Trading System (“ToSTNeT-3”)
Sep 2, 2024
TOKYO, JAPAN (September 2, 2024) – Recruit Holdings Co., Ltd. (TSE: 6098) (the “Company”) today announced that the specific method of its planned share repurchases (the “Purchases”) was determined as follows, with reference to the resolutions of its Board of Directors on July 9, 2024.
Method of the Purchases
The commission of repurchases at today's closing price of ¥9,108 will take place through ToSTNeT-3, at 8:45 a.m. on September 3, 2024, with no other changes made to the trading system or time. Purchase orders shall be limited to orders made only within the applicable trading time.
Details of the Purchases
| Types of shares | Common stock of Recruit Holdings Co., Ltd. |
|---|---|
| Total number of shares to be repurchased | 40,000,000 shares (maximum) (up to 2.61% of total number of shares issued and outstanding (excludes treasury stock)) |
1 No changes will be made to the number of above-mentioned shares. Depending on market environment and other factors, it is possible that no share repurchase, or a share repurchase of only a portion of the above, will be carried out.
2 Repurchases will be made with sell orders corresponding to the number of shares to be purchased.
Announcement of the results of the Purchases
The results of the share repurchase through ToSTNet-3 will be announced following the completion of the trade at 8:45 a.m. on September 3, 2024.
Market purchases on the Tokyo Stock Exchange, Inc. through an appointed securities dealer with transaction discretion will not be made on the transaction day of the purchase through ToSTNeT-3.
After the completion of the purchases above, promptly, the Company plans to resume market purchases on the Tokyo Stock Exchange, Inc. through an appointed securities dealer with transaction discretion.
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 ToSTNeT-3 |
