Simplex Financial Holdings Co., Ltd. announces an Equity Buyback for 2,070,000 shares, representing 39.81% for ¥3,525.21 million.
August 08, 2023 at 03:30 am EDT
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Simplex Financial Holdings Co., Ltd. (TSE:7176) announces a share repurchase program. Under the program, the company will repurchase up to 2,070,000 shares, representing 39.81% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,525.21 million. The shares will be repurchased at a price of ¥1,703 per share.
The purpose of the program is to implement flexible capital policies in response to changes in the business environment. As of August 8, 2023, the company has 5,200,000 issued shares (excluding treasury stock) and no treasury shares.
Simplex Financial Holdings Co., Ltd. is a Japan-based company mainly engaged in the operation of an investment management business. The Company provides financial products to domestic and foreign institutional investors, including domestic and overseas family offices, universities, pension funds, governments, banks, pensions, and others. The Company also creates, manages and provides a new type of exchange-traded fund (ETF) to individual and institutional investors. The Company provides three business lines. The fund is managed by internal and external fund managers. The ETF lists and operates not only the mainstream ETFs such as the Nikkei Average and TOPIX in Japan but also a number of Japan's first ETFs with an edge such as leveraged inverse and crude oil. The Open innovation goes between the investor and the investment bank and provides solutions from the investor's perspective.
SIMPLEX FINANCIAL HOLDINGS CO., LTD. 
