Nichirei Corporation announces an Equity Buyback for 4,000,000 shares, representing 3% for ?10,000 million.
November 02, 2021 at 02:00 am EDT
Nichirei Corporation (TSE:2871) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 3% of its issued share capital, for ?10,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will expire on April 28, 2022. As of September 30, 2021, the company had 133,298,687 shares(excluding treasury stock) in issue and shares 6,742,708 in treasury.