ENEOS Holdings cancels significant portion of treasury shares

** ENEOS Holdings (TSE:5020) announced the cancellation of 326,084,100 of its treasury shares, effective April 25, 2025. This action, authorized by the board on April 18, 2025, and pursuant to Article 178 of Japan's Companies Act, will reduce the company's issued share count to 2,706,766,549. The cancelled shares represent approximately 10.8% of the company's issued shares prior to cancellation. These shares were acquired through two separate board resolutions. The first, on February 9, 2024, led to the repurchase of 49,488,800 shares for a total of JPY34,102,222,810 between February 13 and May 14, 2024. The second repurchase, authorized on May 14, 2024, saw the acquisition of 276,595,300 shares for JPY215,897,730,060 between May 16, 2024, and March 24, 2025. Both buybacks were executed via market purchases under entrusted agreements. The cancellation, initially outlined in a May 14, 2024 announcement regarding share buybacks and cancellations, will reduce the number of outstanding shares.