The Shikoku Bank, Ltd. announces an Equity Buyback for 1,000,000 shares, representing 2.34% for ¥736 million.
February 22, 2021 at 02:00 am EST
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The Shikoku Bank, Ltd. (TSE:8387) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.34% of its share capital (excluding treasury stock), at a price of ¥736 per share, for ¥736 million. The company will repurchase its shares in order to return profits to shareholders and to implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until February 24, 2021. As of January 31, 2021, the company had 42,652,625 shares outstanding (excluding treasury shares) and 247,375 shares in treasury.
The Shikoku Bank, Ltd. is a regional bank mainly engaged in the banking business, leasing business and other financial businesses. The banking business is engaged in the banking agency business and credit guarantee business. The leasing business is involved in the leasing business. The others business is engaged in the computer-related business, the investigation and research related to industry, economics and finance, as well as the management and operation of investment business partnership assets.