San-Ai Obbli Co., Ltd. announces an Equity Buyback for 2,000,000 shares, representing 2.99% for ¥2,800 million.
May 11, 2023 at 11:30 am IST
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San-Ai Oil Co.,Ltd. (TSE:8097) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 2.99% of its share capital, for ¥2,800 million. The company will repurchase its shares in order to enable the execution of agile capital policies in response to changes in the business environment.
The program will expire on March 31, 2024. As of April 30, 2023, the company had 66,965,195 shares outstanding (excluding treasury shares) and 1,034,805 shares in treasury.
San-Ai Obbli Co Ltd, formerly San-Ai Oil Co Ltd, is a Japan-based company principally engaged in the sale of petroleum products, liquefied petroleum (LP) gas, as well as the storage and refueling of aircraft fuel. The Company operates in three business segments. Petroleum-Related Business segment sells, stores and ships petroleum products and manufactures and sells chemical products such as preservatives, fungicides and extinguishing agents. Gas-Related Business segment sells LP gas, natural gas, city gas and gas equipment. Aviation Related Business & Others segment is involved in the storage and refueling of aircraft fuel, the surface treatment of metal, the contract construction of building ancillary facilities and the rental of real estate.
SAN-AI OBBLI CO., LTD. 