Leopalace21 to cancel 132m treasury shares

Leopalace21 Corporation's board of directors resolved on September 19, 2025, to cancel 132,046,640 shares of its common stock. This represents 28.3% of the total issued shares before the cancellation, which is also scheduled for September 19, 2025.

Following the cancellation, the total number of issued shares will be 334,415,678 (including treasury stock), and the number of treasury stock will be 16,720,784 shares, representing 5.0% of the total issued shares. The company stated its intent to cancel treasury stock exceeding a target maximum holding ratio of 5.0% of total issued shares, which serves as a source for future employee stock compensation.

The remaining treasury stock includes 9,101,800 shares (2.72% of total issued shares) held by the Trust for Share-based Remuneration System. This move aligns with the company’s strategy to maintain a specific level of treasury stock for compensation purposes while reducing the overall outstanding share count.