OREANDA-NEWS. AUTOBACS SEVEN Co., Ltd. announces that its Board of Directors resolved at the meeting held today to cancel all of its own shares in accordance with article 178 of the Japan’s Corporation Law.

1. Type of shares to be cancelled
The Company’s common stock

2. Aggregate number of shares to be canceled
3,000,000 shares; 3.2% of total shares outstanding (including treasury stock)

3. Planned date of cancellation
May 15, 2014

(Reference)
Total number of shares outstanding after the cancellation (including treasury stock)
89,950,105 shares