ANAP Inc. announces an Equity Buyback for 250,000 shares, representing 5.51% for ¥300 million.
October 10, 2018 at 11:30 am IST
ANAP Inc. (JASDAQ:3189) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 5.51% of the outstanding shares for ¥300 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment such as M&As that utilize treasury shares, and to enable the implementation of a policy to improve shareholder value. The program will run until April 10, 2019. As of August 31, 2018, the company had 4,540,661 shares outstanding and 219,339 shares in treasury.