CLIP Corporation announces an Equity Buyback for 170,000 shares, representing 3.97% for ¥149.26 million.
May 22, 2017 at 02:53 pm IST
CLIP Corporation (JASDAQ:4705) announces a share repurchase program. Under the program, the company will repurchase up to 170,000 shares, representing 3.97% of the shares outstanding, for ¥149.3 million. The shares will be repurchased through Tostnet-3. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve capital efficiency and shareholder profits. As of March 31, 2017, the company had 4,285,288 shares outstanding and 250,712 shares in treasury.