Alpha Group Inc. announces an Equity Buyback for 65,000 shares, representing 2.25% for ¥100 million.
May 13, 2016 at 02:20 am EDT
Alpha Group Inc. (JASDAQ:3322) announces a share repurchase program. Under the plan, the company will repurchase up to 65,000 shares, representing 2.25% of its shares outstanding excluding treasury shares, for a total of ¥100 million. The purpose of the repurchase program is to improve shareholder returns and capital efficiency. The share repurchase program is valid until September 30, 2016. As of March 31, 2016, the company had 2,891,335 shares outstanding excluding treasury shares and had 589,865 shares in treasury.