Nippon Seiro Co., Ltd.'s Equity Buyback in the amount of ¥696.6 mm has expired
June 18, 2013 at 12:00 am EDT
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The Board of Directors of Nippon Seiro Co., Ltd. (TSE:5010) authorized a share repurchase program on June 17, 2013. Under the program, the company will repurchase up to 2,700,000 shares, representing 13.51% of its share capital, at a price of ¥258 per share, for a total of ¥696.60 million. The repurchase will be made through Off-auction Own Share Repurchase Trading. The purpose of the plan is to implement a flexible capital policy in response to changes in the business environment, treasury shares will be acquired. The repurchase will take place on June 18, 2013. As of December 31, 2012, the company has 19,985,588 shares outstanding and 2,414,412 shares in treasury.
Nippon Seiro Co., Ltd.'s share repurchase program expired on June 18, 2013. Under the program, the company has repurchased 2,511,000 shares, representing 12.56% at price of ¥258 per share, for a total of ¥647.84 million.
NIPPON SEIRO CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of petroleum refining products and petroleum products. The Company is mainly engaged in the manufacture and sale of petroleum wax products and related products such as paraffin waxes, microcrystalline waxes, blended products, chemical products, resin lubricants, synthetic waxes and emulsions, as well as heavy oil products. The Company is also engaged in the perform equipment maintenance and on-site work, the contract manufacture of molecular distillation products and emulsion products, as well as the manufacture of rubber aging prevention wax products.