Carta Holdings, Inc. announces an Equity Buyback for 250,000 shares, representing 0.98% for ¥440 million.
August 12, 2022 at 02:00 am EDT
Share
Carta Holdings, Inc. (TSE:3688) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 0.98% of its issued share capital (excluding treasury stock), for ¥440 million. The purpose of the program is to to enhance shareholder returns and improve capital efficiency.
The repurchased shares will be cancelled. The program will run until November 11, 2022. As of August 12, 2022, the company had 25,397,171 shares in issue (excluding treasury stock) and 402,234 shares in treasury.
Carta Holdings Inc is a Japan-based company mainly engaged in the marketing solution business, ad platform business and consumer business. The Company operates through three business segments. The Marketing Solution segment is engaged in the sale of advertising products and the provision of solutions, focusing on media communications. The Ad Platform segment is engaged in the operation of performance advertising platforms including Zucks, an ad platform for performance advertisers; PORTO, an ad platform for brand advertisers; fluct, an ad platform for media; and TELECY, a programmatic television commercial message (CM) platform. The Consumer segment consists of the planning and operation of own medias, new businesses in the human resources (HR) and electronic commerce (EC) fields, game publishing business, which carries out domestic marketing promotion of foreign game titles, the operation of game strategy information medias, and the investment in venture companies.