Traders Holdings Co.,Ltd. announces an Equity Buyback for 1,000,000 shares, representing 3.48% for ¥400 million.
August 14, 2023 at 02:10 am EDT
Share
Traders Holdings Co.,Ltd. (TSE:8704) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 3.48% of its share capital, for ¥400 million. The purpose of the program is to implement a flexible capital policy and enhance shareholder returns.
The program will expire on November 14, 2023. As of June 30, 2023, the company had 28,721,163 shares in issue (excluding treasury stock) and 817,484 shares in treasury.
TRADERS HOLDINGS CO., LTD. is a holding company engaged in the provision of financial services. Through its subsidiaries, the Company operates in two business segments. The Securities Trading segment is engaged in the purchase, sale, brokerage and intermediary of securities of listed companies, as well as the purchase of bonds. The Foreign Exchange Trading segment is engaged in the provision of foreign currency-based financial derivative products, as well as the trading of foreign exchange margins and options. This segment provides an around-the-clock trading environment for its clients. This segment is also engaged in the management of assets that are used for the trading of foreign exchange margin and options. In addition, the Company also engages in biomass power generation facilities business and others.
TRADERS HOLDINGS CO.,LTD. 
