Nippon Techno Lab Inc.'s Equity Buyback in the amount of ¥16 mm has expired
September 30, 2012 at 09:30 am IST
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The Board of Directors of Nippon Techno Lab Inc. (Japan) (SPSE:3849) authorized a share repurchase program on September 3, 2012. Under the program, the company will repurchase up to 200 shares, representing 2.36% of its issued share capital. The shares will be repurchased at a price of ¥80,000 per share, for a total of ¥16 million. The purpose of the repurchase program is to implement a mobile capital policy corresponding to the change in the business environment. The repurchases will be in accordance with article 156 in lieu of article 165, section 3 of the Companies Act. The plan will commence on September 4, 2012 and will continue until September 30, 2012. As of September 3, 2012, the company has 8,480 shares outstanding and has 328 shares in treasury.
On September 25, 2012, the company decided to repurchase up to 200 shares, representing 2.36% at a price of ¥66,000 per share, for a total cost of ¥13.2 million. Repurchases will be made in the Sapporo Securities Exchange off-hours treasury share trading. Repurchases will be made on September 26, 2012.
On September 26, 2012, the company's share repurchase program as announced on September 25, 2012, expired. Under the plan, the company has repurchased 175 shares, representing 2.06% at a price of ¥66,000 per share, for a total cost of ¥11.55 million.
Nippon Techno Lab Inc. (Japan)'s share repurchase program expired on September 30, 2012. Under the program, the company has repurchased 175 shares, representing 2.06% for ¥11.55 million.
NIPPON TECHNO LAB INC. is a Japan-based company mainly in provision of printer control system software and supervision system-related equipment and software. The Company operates in four business segments. The Imaging & Printer Control segment is engaged in development and sale of printer control related products and software license, image processing software, as well as contract development for printer controller. The Storage Solution segment is engaged in the sale of data archive systems such as disk publisher devices, and provision of system integration service. The Security segment is engaged in development and sale of secure printing systems, video surveillance systems, as well as provion of system integration. The Business Solutions segment engages in development and sale of software as a strategic segment.