Mirainovate Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 1% for ¥200 million.
September 08, 2021 at 03:00 am EDT
Mirainovate Co., Ltd. (TSE:3528) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1% of its issued share capital for ¥200 million. The purpose of the program is to improve shareholder interests by implementing agile capital policies and improving capital efficiency in response to changes in the business environment. The program is valid till November 8, 2021. As of August 31, 2021, the company had 498,029,903 shares issued (excluding treasury stock) and 2,781,081 shares in treasury.
On October 1, 2021, the company effected a reverse stock-split in the ratio of 10: 1.