Zeon Corporation announces an Equity Buyback for 10,000,000 shares, representing 4.57% for ¥10,000 million.
December 27, 2021 at 10:30 pm EST
Zeon Corporation (TSE:4205) announces a share repurchase program. Under the program, the company will repurchase 10,000,000 shares, representing 4.57% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. The program will run until June 23, 2022. As of September 30, 2021, the company had 218,767,436 shares outstanding (excluding treasury shares) and 18,308,120 shares in treasury.