Cookpad Inc. announces an Equity Buyback for 3,215,000 shares, representing 2.99% for ¥733.02 million.
August 10, 2021 at 04:00 am EDT
Cookpad Inc. (TSE:2193) announces a share repurchase program. Under the program, the company will repurchase 3,215,000 shares, representing 2.99% of the outstanding shares for ¥733.02 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until August 11, 2021. As of June 30, 2021, the company had 107,425,389 shares outstanding and 4,011 shares in treasury.