PAL GROUP Holdings CO., LTD. (TSE:2726) announces a share repurchase program. Under the program, the company will repurchase 550,100 shares (considering the possibility that the number of shares to be purchased exceeds the planned number of shares to be purchased as a result of the unit being adjusted proportionally), representing 1.19% of its share capital, for ¥1,604.64 million. The shares will be repurchased at a price of 2,917 per share.

The program is aimed at enhancing shareholders return. If the total number of shares tendered in the Tender Offer exceeds the planned number of shares to be purchased, the tender offer will be made on a pro rata basis. The program will run until June 13, 2023.

As of May 16, 2023, the company had 46,272,000 shares in issue.