GREE, Inc. announces an Equity Buyback for 20,000,000 shares, representing 8.86% for ¥12,000 million.
September 29, 2020 at 09:00 am
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GREE, Inc. (TSE:3632) announces a share repurchase program. Under the program, the company will repurchase 20,000,000 shares, representing 8.86% of its share capital, for ¥12,000 million. The company will repurchase its shares as part of its shareholder returns, and in order to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until September 22, 2021. As of August 31, 2020, the company had 225,830,911 shares outstanding (excluding treasury shares) and 16,418,789 shares in treasury.
Gree Inc is a Japan-based company mainly engaged in the internet media business. The Company is mainly engaged in the operation of GREE, the development and operation of app games for smartphones in Japan and overseas, as well as the operation of advertising media, and the provision of live entertainment business.