Interspace Co.,Ltd. announces an Equity Buyback for 50,000 shares, representing 0.74% for ?50 million.
November 09, 2021 at 01:00 am EST
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Interspace Co.,Ltd. (TSE:2122) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.74% of its issued share capital (excluding treasury stock), for a total purchase price of ?50 million. The purpose of the program is to enable agile capital policy in response to changes in the business environment. The program will continue through March 31, 2022. As of September 30, 2021, the company had 6,779,457 issued shares (excluding treasury stock) and 187,743 treasury shares.
Interspace Co., Ltd. is a Japan-based company mainly engaged in advertisement and media businesses. The Company operates through two business segment. The Internet advertising segment operates ACCESS TRADE websites and Store Front Affiliate websites, provides affiliate system and payment of remuneration to partners. It also provides consulting services for Merchant and partners. The Media Operation segment operates media sites providing childcare information for housewives and other media contents.