August 12, 2020
Announcement Regarding Temporary Suspension of Stock Repurchases
- GMO Internet, Inc.
GMO Internet, Inc. (the “Company”) hereby announces that the Company has decided to cancel the open market purchase contract based on discretionary dealing agreements with a securities company and temporarily suspend its stock repurchases made pursuant to the provisions of Paragraph 1, Article 459 of the Companies Act and the company’s articles of incorporation, considering share price; such stock repurchases have been made pursuant to resolutions adopted at the board of directors meeting held on February 12, 2020.
Please refer to the material below for more details.