Lecip Holdings Corporation's Equity Buyback in the amount of ¥396 mm has expired
February 08, 2013 at 05:00 am
The Board of Directors of Lecip Holdings Corporation (TSE:7213) authorized a share repurchase program on February 4, 2013. Under the program, the company will repurchase up to 480,000 shares, representing 7.51% of its outstanding shares for a maximum of ¥396 million. The shares will be repurchased through consignment on the Tokyo Stock Exchange (ToSTNeT-3). The purpose of the program is to conduct a flexible capital policy in compliance with the changes in the business environment. The shares will be repurchased in compliance with Article 459, Clause 1, of Japan's Corporate Law. The program will commence from February 5, 2013 and will be valid till February 28, 2013. As of January 31, 2013, the company has 6,390,104 outstanding shares excluding treasury and 8,996 shares in treasury.
Lecip Holdings Corporation (TSE:7213) authorized a share repurchase program expired on February 8, 2013. Under the program, the company repurchased 425,900 shares, representing 6.66% of its shares, for ¥332.63 million.