Riberesute Corporation announces an Equity Buyback for 70,000 shares, representing 0.58% for ¥60 million.
July 16, 2019 at 03:05 am EDT
Riberesute Corporation (JASDAQ:8887) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 0.58% of its share capital, at ¥807 per share for ¥60 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of May 31, 2019, the company had 11,990,000 shares outstanding and 140,200 shares in treasury.