Care Twentyone Corporation announces an Equity Buyback for 100,000 shares, representing 4.37% for ¥250 million.
October 28, 2016 at 03:45 am EDT
Care Twentyone Corporation (JASDAQ:2373) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 4.37% for a total of up to ¥250 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to enhance capital efficiency. The program will expire on February 28, 2017. As of October 28, 2016, the company had 2,288,587 shares outstanding and 185,413 shares in treasury.