MORESCO Corporation announces an Equity Buyback for 250,000 shares, representing 2.6% for ¥268.75 million.
January 13, 2021 at 02:30 am EST
MORESCO Corporation (TSE:5018) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 2.6% of its share capital, for ¥268.75 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will expire on January 14, 2021. As of January 13, 2021, the company had 9,602,430 shares outstanding and 94,070 shares in treasury.