JTEC Corporation announces an Equity Buyback for 500,000 shares, representing 5.83% for ¥100 million.
March 03, 2020 at 12:35 pm IST
JTEC Corporation (JASDAQ:2479) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 5.83% of its share capital, for ¥100 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until September 30, 2020. As of March 3, 2020, the company had 8,569,600 shares outstanding (excluding treasury shares) and 2,800 shares in treasury.