MS&AD Insurance Group Holdings, Inc. announces an Equity Buyback for 8,000,000 shares, representing 1.41% for ¥15,000 million.
May 20, 2020 at 12:45 am EDT
MS&AD Insurance Group Holdings, Inc. (TSE:8725) announce a share repurchase program. Under the program, the company will repurchase up to 8,000,000 shares, representing 1.41% of its outstanding shares for ¥15,000 million. The purpose of the program is to improve shareholder returns and capital efficiency. The repurchase program will expire on September 18, 2020. As of March 31, 2020, the company had 569,047,315 shares outstanding and 24,244,439 shares in treasury.