Adtec Plasma Technology Co., Ltd. announces an Equity Buyback for 20,000 shares, representing 0.23% for ?44.22 million.
November 26, 2021 at 02:00 am EST
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Adtec Plasma Technology Co., Ltd. (TSE:6668) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.23% for ?44.22 million. The shares will be repurchased at a price of ?2,211 per shares. The purpose of the program is to acquire treasury stock necessary for disposal of treasury stock as transfer-restricted stock compensation. The program will expire on November 29, 2021. As of August 31, 2021, the company had 8,583,859 shares in issue and 2,141 shares in treasury.
ADTEC PLASMA TECHNOLOGY CO., LTD. is mainly engaged in the semiconductor and liquid crystal-related business and the research institure and university-related business. The Company operates in two segments. The Semiconductor and Liquid Crystal-related segment is engaged in the design, manufacture and sale of high-frequency plasma generators, matching units and measuring equipment. The Research Institute and University-related segment is engaged in the design, manufacture and sale of direct electric current sources, pulsed power supplies, microwave sources and superconducting electromagnet sources for medical and environmental-related equipment and photovoltaic generation manufacturing equipment, among others. In addition, the Company also provides related technical services.
ADTEC PLASMA TECHNOLOGY CO., LTD. 
