Socialwire Co., Ltd. announces an Equity Buyback for 91,000 shares, representing 1.51% for ¥64.8 million.
May 10, 2021 at 02:30 pm IST
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Socialwire Co., Ltd. (TSE:3929) announces a share repurchase program. Under the program, the company will repurchase up to 91,000 shares, representing 1.51% of its issued share capital (excluding treasury stock), at ¥712.09 per share, for ¥64.8 million. The purpose of the program is to implement an agile capital policy in response to changes in the business environment and improve capital efficiency. The program will run until August 31, 2021. As of March 31, 2021, the company had 6,031,494 shares in issue (excluding treasury stock) and 77,106 shares in treasury.
SOCIALWIRE CO.,LTD. is a Japan-based company mainly engaged in the news wire business and incubation business. The Company operates through two business segments. The News Wire segment is involved in the at press, at clipping, find model and other Public Relations (PR) related services. The Incubation segment is involved in the provision of crosscoop and other consulting services. The Company is also involved in the translation, crowdsourcing, among others.