Toell Co.,Ltd. announces an Equity Buyback for 130,000 shares, representing 0.65% for ¥120.38 million.
September 13, 2018 at 12:30 pm IST
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Toell Co.,Ltd. (TSE:3361) announces a share repurchase program. Under the program, the company will repurchase 130,000 shares, representing 0.65% of the outstanding shares, at ¥926 per share for ¥120.38 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of August 31, 2018, the company had 19,920,250 shares outstanding and 494,790 shares in treasury.
Toell Co., Ltd. is a Japan-based company mainly engaged in the liquefied petroleum gas business and water business. The Liquefied Petroleum (LP) Gas segment is engaged in the retail and wholesale of LP gas and LP gas-related equipment, the related management and the provision of home services to its customers. The Water segment is engaged in the purchase and sale of water from Hawaii, as well as the manufacture and sale of domestic pure water.