The Bank of Kyoto, Ltd. announces an Equity Buyback for 800,000 shares, representing 1.06% for ¥4,500 million.
November 13, 2017 at 12:00 am EST
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The Bank of Kyoto, Ltd. (TSE:8369) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 1.06% of its share capital, for ¥4,500 million. The company will repurchase its shares in order to acquire treasury shares necessary for the share exchange with Kyoto Guaranty Service Co., Ltd. The share repurchase program will run until November 22, 2017. As of October 31, 2017, the company had 75,642,648 shares outstanding (excluding treasury shares) and 198,040 shares in treasury.
Kyoto Financial Group Inc is a Japan-based company mainly engage in the management and administration of banks and other companies that may be made subsidiaries under the Banking Law, as well as other businesses incidental and related thereto. The Kyoto Bank Group is principally engaged in banking business and other businesses related to financial services, including leasing, credit card, and securities businesses. The head office and other branches of Kyoto Bank conduct deposit, lending, trading of commodity securities, investment in securities, domestic exchange, foreign exchange, and trust businesses, and are positioned as the core operations of the group. In addition, through its consolidated subsidiaries, the Company is engaged in the provision of real estate management and leasing services, management of electronic commerce (EC) malls, credit guarantee services, leasing services, investment services, credit card services, economic research, and business consultation services.
BK OF KYOTO 
