Ishizuka Glass Co., Ltd.'s Equity Buyback in the amount of ¥16.72 mm has expired
February 08, 2013 at 05:00 am
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The Board of Directors of Ishizuka Glass Co., Ltd. (TSE:5204) authorized a share repurchase program on February 7, 2013. Under the program, the company will repurchase up to 110,000 shares, representing 0.31% of its outstanding share capital, at a price of ¥152 per share, for a total of ¥16.72 million. Repurchase will be made by a consignment through Off-Auction Own Share Trading (N-NET3) of the Nagoya Stock Exchange. The repurchase program will be in accordance with article 156, in lieu of article 165, section 3 of the Companies Act. The purpose of the program is to make possible a dynamic capital strategy responsive to changes in the business world. The repurchase will take place on February 8, 2013. As of February 7, 2013, the company has 35,131,939 shares outstanding excluding treasury shares and has 1,163,604 shares in treasury.
Ishizuka Glass Co., Ltd.'s share repurchase program expired on February 8, 2013. Under the program, the company repurchased 99,000 shares, representing 0.28% of its shares, for ¥15.05 million.
ISHIZUKA GLASS CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of glass container-related products, houseware-related products, paper container-related products, plastic containers-related products, industrial equipment related products and others. The Glass Bottles-related segment manufactures and sells glass containers. Houseware-related segment manufactures and sells glass and ceramics dishes. The Paper Containers-related segment manufactures and sells paper containers and related filling machines. The Plastic Containers-related segment manufactures and sells preform for PET bottle. The Industrial Equipment-related business manufactures and sells heating and cooking utensils, such as top plate. The Others segment manufactures and sells ceramics products and metal caps.