Precision System Science Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 0.72% for ¥100 million.
August 13, 2021 at 11:45 am IST
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Precision System Science Co., Ltd. (TSE:7707) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.72% of its issued share capital (excluding treasury stock), at ¥500 per share, for ¥100 million. The purpose of the program is to enhance shareholder returns and to increase the agility of capital policies, and providing incentives for the sustainable improvement of the company's corporate value. The program will run until October 29, 2021. As of June 30, 2021, the company had 27,666,900 shares in issue (excluding treasury stock) and 86 shares in treasury.
Precision System Science Co., Ltd. is engaged in the development, manufacture and sales of various devices for lab (laboratory) automation and clinical diagnosis. The equipment business provides various automated equipment for lab such as deoxyribonucleic acid (DNA) automatic extractors and others, immunochemical luminescence measuring devices, specimen pretreatment devices for clinical diagnosis, and fully automated gene diagnostic equipment, among others. The reagents and consumables business provide various reagents used for DNA extraction and protein purification, as well as dedicated plastic consumables such as reaction vessel and others. The maintenance-related segment is engaged in equipment maintenance business, and the sales of spare parts (replacement parts). The contract manufacturing business is engaged in the contract manufacturing business.