STG Co., Ltd. announces an Equity Buyback for 11,200 shares, representing 1.34% for ¥40 million.
June 10, 2021 at 03:30 am EDT
STG Co., Ltd. (TSE:5858) announces a share repurchase program. Under the program, the company will repurchase up to 11,200 shares, representing 1.34% of its issued share capital for ¥40 million. These shares will be repurchased from Takeyuki Sato and Masatoshi Tano. The shares are repurchased in order to implement flexible capital policies in response to changes in the business environment. The repurchase program will expire on June 28, 2022.