Fibergate Inc. announces an Equity Buyback for 92,900 shares, representing 0.45% for ?100 million.
December 05, 2021 at 06:30 pm EST
Fibergate Inc. (TSE:9450) announces a share repurchase program. Under the program, the company will repurchase 92,900 shares, representing 0.45% of the outstanding shares for ?100 million. The purpose of the program is to improve capital efficiency by comprehensively considering cash on hand and stock price level, and implementing it flexibly. The program will run until January 25, 2022. As of November 30, 2021, the company had 20,591,200 shares in issue(excluding treasury stock) and 103,716 shares in treasury.