Adways Inc. announces an Equity Buyback for 7,500,000 shares, representing 18.02% for ¥3,000 million.
February 16, 2021 at 01:00 am EST
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Adways Inc. (TSE:2489) announces a share repurchase program. Under the program, the company will repurchase 7,500,000 shares, representing 18.02% of its share capital, for ¥3,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until August 17, 2021. As of February 16, 2021, the company had 41,610,800 shares outstanding (excluding treasury shares) and 0 shares in treasury.
Adways Inc. is primarily engaged in providing Internet advertising service. The Advertising segment is engaged in connecting advertisers of Website operators, content providers and smart-phone app developers, to advertising media of Websites, game apps and other media, through the Companyâs advertising system. The Apps and Media segment is engaged in developing and operating smart-phone apps and other media. The Overseas segment is engaged in providing support service of Internet marketing for local and foreign companies overseas mainly in China, and also in providing smart-phone app advertising service.
ADWAYS INC. 
