BroadBand Security, Inc. announces an Equity Buyback for 76,600 shares, representing 1.72% for ?99.89 million.
November 18, 2021 at 07:30 am
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BroadBand Security, Inc. (JASDAQ:4398)?announces a share repurchase program. Under the program, the company will repurchase up to 76,600 shares, representing 1.72% of its issued share capital for ?99.89 million. The shares will be repurchased at a price of ?1,304 per share. The purpose of the program is to implement agile capital policies in response to improvements in capital efficiency and changes in the business environment. The program is valid till November 19, 2021. As of November 17, 2021, the company had 4,455,284 shares issued (excluding treasury stock) and 108,540 shares in treasury.
BroadBand Security, Inc. is a Japan-based company engaged in security service business. The Companyâs services include security audit consulting service, vulnerability diagnosis service and information leakage IT countermeasure service. Information Disclosure In the security equipment management service in IT countermeasure services, it sells security equipment to customers and purchase them from manufacturers. In addition, it receives license from overseas security software company in secure mail service and malware detection service. Vulnerability assessment service sometimes outsources a part of vulnerability diagnosis for smart phones.
BROADBAND SECURITY, INC. 
