Taiheiyo Cement Corporation announces an Equity Buyback for 2,500,000 shares, representing 2.1% for ¥5,000 million.
August 10, 2021 at 02:00 am EDT
Taiheiyo Cement Corporation (TSE:5233) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 2.1% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to return profits to shareholders based on the medium-term management plan. The program will continue through October 29, 2021. As of June 30, 2021, the company had 118,890,581 issued shares (excluding treasury stock) and 3,094,497 treasury shares.