Resorttrust, Inc. announces an Equity Buyback for 1,200,000 shares, representing 1.11% for ¥2,400 million.
June 29, 2021 at 07:09 am EDT
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Resorttrust, Inc. (TSE:4681) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 1.11% of its issued share capital, for a total purchase price of ¥2,400 million. The purpose of the program is to allot treasury shares for special restricted shares to be granted to directors of the company and to enable the execution of a flexible capital policy. The program will be valid till August 31, 2021. As of March 31, 2021, the company had 108,366,233 issued shares (excluding treasury stock) and 154,566 treasury shares.
Resorttrust Inc is a Japan-based company mainly involved in the construction and operation of membership hotels and golf courses, the sale of memberships, as well as medical businesses. The Company operates through three segments. The Membership segment is engaged in the development of membership hotels and the sale of various memberships. The Hotel Restaurant segment is mainly involved in the operation of restaurants and resort hotels under the names XIV, BAYCOURT CLUB, SUN MEMBERS and HOTEL TRUSTY, as well as the provision of hotel cleaning services, and on-life insurance agency services. The Medical segment is engaged in the sale and management of medical memberships, as well as the provision of medical consulting services. In addition, the Company is also engaged in real estate rental business and villa management business.
RESORTTRUST, INC. 
