Saint Marc Holdings Co., Ltd. announces an Equity Buyback for 910,000 shares, representing 4.1% for ¥2,322.32 million.
February 05, 2019 at 01:12 pm IST
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Saint Marc Holdings Co., Ltd. (TSE:3395) announces a share repurchase program. Under the program, the company will repurchase up to 910,000 shares, representing 4.10% of the outstanding shares, at a price of ¥2,552 per share for ¥2,322.32 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns and enable the implementation of a flexible capital policy in response to changes in the business environment. As of December 31, 2019, the company had 22,213,261 shares outstanding and 564,109 shares in treasury.
Saint Marc Holdings Co., Ltd. is a Japan-based holding company mainly engaged in the operation of restaurants and cafes. The Company operates restaurants and cafes businesses through its subsidiaries and associated companies in Japan, the United States, China and ASEAN areas. The restaurants segment consists of Saint Marc Bakery Restaurant, BAQET Bakery Restaurant, Raw Noodles Workshop Kamakura Pasta, and Cantonese Fried Rice Store, among others. The Cafe segment is operating the cafe shops.
SAINT MARC HOLDINGS CO., LTD. 
