PC Depot Corporation announces an Equity Buyback for 1,500,000 shares, representing 2.91% for ¥1,000 million.
August 10, 2017 at 02:00 am EDT
PC Depot Corporation (TSE:7618) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 2.91% of the outstanding shares for ¥1,000 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until October 31, 2017. As of June 30, 2017, the company had 51,516,455 shares outstanding and 1,105,945 shares in treasury.