CLIP Corporation announces an Equity Buyback for 90,000 shares, representing 2.32% for ¥78.12 million.
February 20, 2020 at 02:30 am EST
CLIP Corporation (JASDAQ:4705) announces a share repurchase program. Under the program, the company will repurchase 90,000 shares, representing 2.32% of its share capital, at ¥868 per share for ¥78.12 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, improve capital efficiency and increase shareholder returns. As of December 31, 2019, the company had 3,886,388 shares outstanding (excluding treasury shares) and 649,612 shares in treasury.