OAT Agrio Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 9.24% for ¥725 million.
June 10, 2016 at 12:18 pm IST
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OAT Agrio Co., Ltd. (TSE:4979) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 9.24% of its outstanding shares for ¥725 million. The shares will be repurchased on the Tokyo Stock Exchange through the off-auction own share repurchase trading (ToSTNeT-3). The shares are repurchased for treasury. The purpose of the program is to enhance the capital efficiency and enable the implementation of a flexible capital policy corresponding to the changes in the business environment. The company has received notice that it’s principal shareholder, MCP3 Investment Limited Partnership that it will be participating in the program. The program will continue till June 15, 2016. As of March 31, 2016, the company had 5,409,976 outstanding shares excluding treasury shares and 126,024 shares in treasury.
OAT Agrio Co., Ltd. is a Japan-based company primarily engaged in the manufacture and sale of fertilizers and pesticides. The Company primarily provides insecticides, including benfuracarb, sodium oleate, alanycarb, tolfenpyrad, cyflumetofen, crystal toxin producing bacillus thuringiensis bacteria and propylene glycol esters of fatty acids; fungicides, including flutianil, oxpoconazole fumarate, potassium hydrogen carbonate and calcium polysulfide; herbicides, such as cyanate, as well as plant growth regulators, among others.
OAT AGRIO CO., LTD. 
