TOELL Co., Ltd. announces an Equity Buyback for 420,000 shares, representing 2.07% for ¥384.3 million.
December 26, 2016 at 02:44 am EST
Share
TOELL Co., Ltd. (TSE:3361) announces a share repurchase program. Under the program, the company will repurchase up to 420,000 shares representing 2.07% stake, at ¥915 per share, for a total of ¥384.3 million. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. As of November 30, 2016, the company had 20,297,750 shares outstanding excluding treasury shares, and 117,290 shares in treasury.
Toell Co., Ltd. is a Japan-based company mainly engaged in the liquefied petroleum gas business and water business. The Liquefied Petroleum (LP) Gas segment is engaged in the retail and wholesale of LP gas and LP gas-related equipment, the related management and the provision of home services to its customers. The Water segment is engaged in the purchase and sale of water from Hawaii, as well as the manufacture and sale of domestic pure water.