Nippon Seiro Co., Ltd. announces an Equity Buyback for 70,000 shares, representing 0.39% for ¥21.56 million.
May 09, 2017 at 01:30 pm IST
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Nippon Seiro Co., Ltd. (TSE:5010) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 0.39% of its share capital, at ¥308 per share for ¥21.56 million. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. As of May 9, 2017, the company had 17,914,982 shares outstanding (excluding treasury shares) and 4,485,018 shares in treasury.
NIPPON SEIRO CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of petroleum refining products and petroleum products. The Company is mainly engaged in the manufacture and sale of petroleum wax products and related products such as paraffin waxes, microcrystalline waxes, blended products, chemical products, resin lubricants, synthetic waxes and emulsions, as well as heavy oil products. The Company is also engaged in the perform equipment maintenance and on-site work, the contract manufacture of molecular distillation products and emulsion products, as well as the manufacture of rubber aging prevention wax products.
NIPPON SEIRO CO., LTD. 
