The Board of Directors of ShiDax Corp. (JASDAQ:4837) authorized a share repurchase program on August 6, 2013. Under the program, the company will repurchase up to 1,100,000 shares, representing 2.74% of its share capital, at a price of ¥482 per share, for a total cost of ¥530.2 million. The repurchases will be made from the Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the plan is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. The repurchases will be made on August 7, 2013. As of August 6, 2013, the company has 40,080,224 shares outstanding and 838,538 shares in treasury.


ShiDax Corp. completed the share repurchase program on August 7, 2013.