LY Corporation (TYO:4689), a mobile and web services company, completed the cancellation of 489.6 million treasury shares, or 6.41% of its outstanding stock, as part of efforts to meet Tokyo Stock Exchange's listing requirements for its Prime Market, according to a Monday filing on the Tokyo Stock Exchange.
The cancellation raises LY's tradable share ratio to 36.35%, surpassing the 35% threshold for continued listing, though final confirmation will occur in March 2025.
Following the cancellation, LY has 7.15 billion issued shares.
Price (JPY): $417.60, Change: $-1.7, Percent Change: -0.41%
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