LEAD: Hankyu Hanshin to stop giving shareholders free Tigers tickets.
(EDS: ADDING INFO IN 1ST GRAF)
Hankyu Hanshin Holdings Inc. said Tuesday it will stop giving shareholders of Hanshin Electric Railway Co. free tickets for games by the Hanshin Tigers professional baseball club at Hanshin Koshien Stadium at the end of the next season.
Created through this year's merger of Hankyu Holdings Inc. and Hanshin Electric Railway, the company said it has become difficult to continue the practice because the number of outstanding shares has trebled as a result of the corporate amalgamation via an equity swap.
Under the practice, a holder of 5,000 or more shares in Hanshin Electric Railway -- the owner of the Hanshin Tigers -- would be given two free seat reservation tickets for each game of the popular ball club at its home field in Nishinomiya, Hyogo Prefecture.
But as the holders of such tickets often used to go to the ball park for weekend or select games, which draw larger crowds, the distribution of them to a much larger number of shareholders would be difficult, Hankyu Hanshin Holdings said.
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|Publication:||Japan Transportation Scan|
|Date:||Dec 25, 2006|
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