Prospect Co., Ltd - Notice: Share Trading Unit Change and Partial Amendment to the Articles of Incorporation
LONDON, May 15, 2018 /PRNewswire/ --
Prospect Co., Ltd. (the "Company") `s Board of Directors has approved the share trading unit change and partial amendment to the Articles of Incorporation.
Note
1. About share trading unit change
A. Reason:
To comply with "Action Plan for Consolidating Trading Units" announced by the Japanese stock exchanges which aims to standardizing the trading unit of domestic listed companies to 100 shares. As a listed company on the Tokyo Stock Exchange, the Company will change the share trading unit from 1,000 shares to 100 shares, as defined in Article 8 of the Company's current Articles of Incorporation.
B. Contents of the change: share trading unit from 1,000 shares to 100 shares
C. Effective date: October 1, 2018
2. About partial amendment to the Articles of Incorporation
A. Reason:
same reason as mentioned above in 1. A.
B. Contents of the amendment:
The underlined indicates the changes.
| Current Articles of Incorporation |
Proposed changes |
| Article 8 (Share Unit) A share unit of the Company shall comprise one thousand (1000) shares of stock.
|
Article 8 (Share Unit) A share unit of the Company shall comprise one hundred (100) shares of stock. Supplementary Information (for transition purpose regarding share unit) The change in Article 8 (share unit) shall take effect on October 1, 2018 and the Supplementary Information shall be deleted on the same day |
C. Effective date: October 1, 2018
| Prospect Co., Ltd. |
|
| Representative Director, President: Curtis Freeze |
|
| (Security Code: 3528, 2nd Section of TSE) |
|
| Contact: |
Representative Director, Managing Director, Masato Tabata |
| TEL: |
03 (3470) 8411 (Main) |
SOURCE Prospect Co., Ltd
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article