The Kiyo Bank, Ltd. announces an Equity Buyback for 476,796 shares, representing 0.69% for ¥756.68 million.
October 29, 2018 at 02:30 am EDT
Share
The Kiyo Bank, Ltd. (TSE:8370) announces a share repurchase program. Under the program, the company will repurchase 476,796 shares, representing 0.69% of the outstanding shares, at ¥1,587 per share for ¥756.68 million. The company will repurchase 273,756 shares from The Kiyo Card Co., Ltd., 78,045 shares from The Kiyo Card DC Co., Ltd. and 124,995 shares from Hanwa Shinyo Hosho KK. The purpose of the program is to repurchase shares following the share exchange to make The Kiyo Card Co., Ltd., The Kiyo Card DC Co., Ltd., and Hanwa Shinyo Hosho KK into wholly owned subsidiaries. As of October 26, 2018, the company had 69,403,668 shares outstanding and 896,332 shares in treasury.
The Kiyo Bank Ltd is principally engaged in the provision of banking business and various financial services. Through its head office and branches, The Banking segment is engaged in the operation of deposit business, lending business, domestic and foreign exchange business, as well as others. Through its affiliated companies, the others business is engaged in the provision of a range of financial services other than banking business, including credit guarantee service, leasing service and venture capital business, credit card operations, as well as computer related business.
THE KIYO BANK, LTD. 
