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giftee to Transition to Holding Company Structure with July 1 Technical Listing on Prime Market

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giftee (TYO:4449) said the holding company to be established through a sole share transfer on July 1, has received approval for a technical listing on the Tokyo Stock Exchange's Prime Market.

Under the restructuring plan, the company's existing shares are scheduled to be delisted on June 29, with shareholders receiving one ordinary share of the new holding company, giftee Group, for each share they currently hold, according to a Tokyo bourse filing on Monday.

The newly formed holding company will begin trading on July 1, under the securities code 590A, with a trading unit of 100 shares.

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