Meiko Network Japan (TYO:4668) will dispose of 1 million treasury shares at one yen each to Meiko Kyoiku Kenkyujo, a public interest foundation, for funding its scholarship and education programs, according to a Friday filing on the Tokyo Stock Exchange.
The allotment, planned for December and subject to shareholder approval in November, will account for 3.95% of voting rights and may alter the firm's major shareholder structure.
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