Okayamaken Freight Transportation Co., Ltd.'s Equity Buyback in the amount of ¥80 mm has expired
March 22, 2013 at 12:00 am EDT
The Board of Directors of Okayamaken Freight Transportation Co. Ltd. (TSE:9063) authorized a share repurchase program on August 10, 2012. Under the program, the company will repurchase up to 500,000 shares, representing 2.39% of its issued share capital, for a total cost of up to ¥80 million. The purpose of the repurchase program is to make the pursuit of a flexible capital strategy that can respond to changes in the business world possible. The plan will commence on August 13, 2012 and will continue until March 22, 2013. As of July 31, 2012, the company has 20,954,353 shares outstanding and 1,045,647 shares held in treasury
Okayamaken Freight Transportation Co. Ltd.'s share repurchase program expired on March 22, 2013. Under the plan, the company has repurchased 295,000 shares, representing 1.41% of its outstanding shares for a maximum of ¥47.04 million.