OKWAVE, Inc. announces an Equity Buyback for 100,000 shares, representing 1.1% for ¥200 million.
September 26, 2019 at 03:00 am EDT
OKWAVE, Inc. (NSE:3808) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.1% of the outstanding shares for ¥200 million. The purpose of the program is to use the shares for its incentive plans for directors and executives, and to implement a flexible capital policy. The program will run until March 31, 2020. As of June 30, 2019, the company had 9,073,214 shares outstanding and 86 shares in treasury.