February 12, 2021
Notice of Retirement of Treasury Share
- GMO Internet, Inc.
Stock repurchases resolved by the board of directors of GMO Internet, Inc. (the “Company”) at the meeting held on February 12, 2020, have been completed, as announced in “Announcement Regarding the Completion of the Share Repurchase Program,” dated February 12, 2021. The Company announces the resolution made at a board of directors meeting held today to retire treasury shares - out of which approximately JPY 3.16 billion is about 17% (=50-33; the Company aims to return 50% of profits to shareholders, and dividend payout ratio is a minimum of 33%) of consolidated net profit for the fiscal year 2019 and the fiscal year 2020 - pursuant to Article 178 of the Companies Act.
Please refer to the material below for more details.