TriIs Incorporated announces an Equity Buyback for 300,000 shares, representing 3.54% for ¥150 million.
March 01, 2017 at 02:44 am EST
TriIs Incorporated (JASDAQ:4840) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.54% of the outstanding shares, for a total of ¥150 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will expire on March 1, 2018. As of February 28, 2017, the company had 8,471,390 shares outstanding and 1.028,610 shares in treasury.