MS&AD Insurance Group Holdings, Inc. announces an Equity Buyback for 8,000,000 shares, representing 1.43% for ¥15,000 million.
May 20, 2021 at 01:30 am EDT
MS&AD Insurance Group Holdings, Inc. (TSE:8725) announces a share repurchase program. Under the program, the company will repurchase up to 8,000,000 shares, representing 1.43% of its issued capital for ¥15,000 million. The purpose of the program is to improve return to shareholders and capital efficiency. The program will expire on September 22, 2021. As of March 31, 2021, the company had 558,210,106 shares in issue and 35,263,101 shares in treasury.