Adways Inc. announces an Equity Buyback for 6,000,000 shares, representing 14.29% for ?3,000 million.
December 01, 2021 at 06:00 am
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Adways Inc. (TSE:2489) announces a share repurchase program. Under the program, the company will repurchase 6,000,000 shares, representing 14.29% of its share capital, for ?3,000 million. The company will repurchase its shares in order to carry out agile capital policy in response to changes in the business environment and shareholder returns. The program will run until May 9, 2022. As of December 1, 2021, the company had 42,000,700 shares outstanding (excluding treasury shares) and 0 shares in treasury.
Adways Inc. is primarily engaged in providing Internet advertising service. The Advertising segment is engaged in connecting advertisers of Website operators, content providers and smart-phone app developers, to advertising media of Websites, game apps and other media, through the Companyâs advertising system. The Apps and Media segment is engaged in developing and operating smart-phone apps and other media. The Overseas segment is engaged in providing support service of Internet marketing for local and foreign companies overseas mainly in China, and also in providing smart-phone app advertising service.
ADWAYS INC. 
