Brangista Inc. announces an Equity Buyback for 300,000 shares, representing 2.12% for ¥300 million.
December 17, 2019 at 01:30 am EST
Brangista Inc. (TSE:6176) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 2.12% of its share capital, for ¥300 million. The company will repurchase its shares in order to improve shareholder returns and capital efficiency, and to implement a flexible capital policy in response to changes in the business environment. The program will run until September 30, 2020. As of November 30, 2019, the company had 14,139,812 shares outstanding (excluding treasury shares) and 435,488 shares in treasury.