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Seven & i Board Approves Cancellation of 284 Million Treasury Shares

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Seven & i (TYO:3382) said its board approved the cancellation of 284.3 million treasury shares, representing 10.92% of its issued shares before the cancellation.

Following the cancellation, expected to be completed by July 15, the total number of issued shares will be about 2.32 billion, according to a Tokyo bourse filing on Thursday.

The number of treasury shares outstanding after the cancellation is expected to be about 5.5 million shares, based on holdings as of June 30 and excluding shares held under the board incentive plan and employee stock ownership plan.

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