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Meiko Network Japan Cancels 2 Million Shares

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-- Meiko Network Japan (TYO:4668) has completed the cancellation of 2 million treasury shares, or 7% of shares outstanding before the move, according to a Tuesday filing on the Tokyo Stock Exchange.

The cancellation reduces total shares issued to 25.8 million, with treasury stock at 339,269 shares, or 1.31% of the total. The company said it will use remaining treasury shares for restricted stock awards for executives and employees.

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