NC Holding Co. Ltd announces an Equity Buyback for 100,000 shares, representing 1.58% for ¥50 million.
March 27, 2020 at 11:30 am IST
NC Holding Co. Ltd (TSE:6236) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.58% of its share capital, for ¥50 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 February 29, 2020, the company had 6,321,575 shares outstanding (excluding treasury shares) and 94,471 shares in treasury.