LINTEC Corporation announces an Equity Buyback for 4,000,000 shares, representing 5.53% for ?12,000 million.
Published on 11/08/2021 at 02:15
Share
LINTEC Corporation (TSE:7966) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 5.53% of its issued share capital (excluding treasury stock), for ?12,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until August 31, 2022. As of September 30, 2021, the company had 72,325,068 shares in issue (excluding treasury stock) and 4,334,372 shares in treasury.
LINTEC Corporation is a Japan-based company mainly involved in the manufacture and sale of printing material and industrial engineering material related products. The Company operates in three business segments. The Printing and Industrial Material-related segment is engaged in the manufacture and sale of adhesive products for seals and labels, label printing machinery, barcode printers, film used for outdoor signages and advertisement, window film, automobile adhesive products and industrial adhesive tape, among others. The Electronic and Optic-related segment provides semiconductor-related adhesive products, semiconductor-related machinery, coating film for laminated ceramic capacitors and optical-related products. The Western Paper and Processing Material-related segment manufactures and sells paper of colorful envelopes, special functional paper, released paper, released film, as well as casting paper for carbon fiber composite materials and synthetic leather.
