This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between the translated version and the Japanese original, the original version shall prevail. The Company assumes no responsibility for this translation or for any direct, indirect or any other form of damage arising from the translation.
January 28, 2025
MODEC, INC.
Hirohiko Miyata, President & CEO
Notice regarding compliance with the continued listing criteria for the
Tokyo Stock Exchange Prime Market
MODEC, INC. (the “Company”) announces that it has received a notice of compliance with the continued listing criteria (distribution standard) from the Tokyo Stock Exchange (“TSE”) and confirms that, as of December 31, 2024, it has satisfied the compliance requirements for the continued listing on the TSE’s Prime Market.
- The Company’s status of compliance with the continued listing criteria
As of December 31, 2023, the Company did not meet the “tradeable share ratio” criteria among the continued listing criteria for the Prime Market. However, following the initiatives taken based on the “Plan to comply with the criteria to maintain listing under the TSE market categories” released on March 15, 2024, the Company confirms that it has satisfied all the continued listing criteria for the Prime Market.
The Company will continue to make the efforts to maintain the compliance with the criteria for the listing on the Prime Market and enhance its enterprise value.
Source: www.marketscreener.com