Fuji Seiko Limited announces an Equity Buyback for 150,000 shares, representing 4.09% for ¥210 million.
October 13, 2021 at 03:30 am EDT
Fuji Seiko Limited (NSE:6142) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 4.09% of its issued share capital for ¥210 million. The shares will be repurchased at a price of ¥1,380 per share. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program is valid till October 14, 2021. As of August 31, 2021, the company had 3,667,442 shares issued (excluding treasury stock) and 639,336 shares in treasury.