Taisei Lamick Co., Ltd. announces an Equity Buyback for 175,000 shares, representing 2.67% for ¥500 million.
May 15, 2023 at 02:00 am EDT
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Taisei Lamick Co., Ltd. (TSE:4994) announces a share repurchase program. Under the program, the company will repurchase up to 175,000 shares, representing 2.67% of its issued share capital (excluding treasury stock), for ¥500 million. The purpose of the program is to strengthen shareholder returns by improving stock value and to strengthen flexibility in capital policy in response to changes in the business environment.
The program will run until May 15, 2024. As of April 30, 2023, the company had 6,544,149 shares in issue (excluding treasury stock) and 503,351 shares in treasury.
Taisei Lamick Co., Ltd. is a Japan-based company mainly engaged in the development, manufacture and sale of packaging films and liquid filling machines. The Company is engaged in the manufacture and sale of laminated films for packaging instant noodle liquid soups, dressings, sauces, wasabi, soy sauces and other liquids, the manufacture and sale of general laminated products such as pouches for retort food, films for powder and dried products, and pouches for refillable detergents, as well as the development, manufacture and sale of liquid filling machines under the name DANGAN for filling contents into liquid filling films. The Company is also engaged in the logistics business, the maintenance business, and the advisory business.
TAISEI LAMICK CO., LTD. 
