Riberesute Corporation announces an Equity Buyback for 200,000 shares, representing 1.85% for ¥150 million.
March 24, 2020 at 02:00 am EDT
Riberesute Corporation (JASDAQ:8887) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.85% of the outstanding shares for ¥150 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to enhance capital efficiency. The program will run until June 30, 2020. As of February 29, 2020, the company had 10,789,800 shares outstanding and 1,200,200 shares in treasury.