Skymark Airlines Inc. (TSE:9204) announces a share repurchase program. Under the program, the company will repurchase up to 1,380,000 shares, representing 2.29% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,393.8 million. The shares will be repurchased at a price of ¥1,010 per share.

The purpose of the program is to raise awareness of management participation by the employees thorough owning company stock, aiming to continuously improve corporate value and further promote sharing of value with the shareholders. Most of the repurchased stock will be allocated to the shares to be delivered as restricted stock compensation. As of December 31, 2023, the company had 60,329,400 issued shares (excluding treasury stock) and had 0 treasury shares.