Wavelock Holdings Co., Ltd. announces an Equity Buyback for 1,500,000 shares, representing 15.25% for ?1,000 million.
October 29, 2021 at 02:30 am EDT
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Wavelock Holdings Co., Ltd. (TSE:7940) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 15.25% of its issued share capital (excluding treasury stock), for a total purchase price of ?1,000 million. The purpose of the program is to implement agile capital policies in response to changes in the business environment, improve capital efficiency, and strengthen shareholder returns. The program will continue through July 29, 2022. As of September 30, 2021, the company had 9,836,024 issued shares (excluding treasury stock) and 1,284,514 treasury shares.
WAVELOCK HOLDINGS CO., LTD. is a Japan-based holding company mainly engaged in the manufacture and sale of composite materials made from plastic, fiber and paper. The Company operates through four business segments. Interior segment is involved in the manufacture and sale of wallpaper products, as well as the sale of related products. Weaving segment is involved in the manufacture of net products made of synthetic fibers, as well ae the sale of insect-proof nets for general houses, insect-proof nets for rehabilitation, agricultural material nets, civil engineering materials and construction temporary materials. Advanced Technology segment is involved in the sale of metal decorative films, glitter tapes, special printing, functional films and sheets and opening tapes. Industrial Materials and Packaging Materials segment is involved in the sale of films and plastic sheets including construction temporary materials, agricultural materials, food packaging materials.
WAVELOCK HOLDINGS CO., LTD. 
