Maruo Calcium Co., Ltd. announces an Equity Buyback for 30,000 shares, representing 1.34% for ?43.47 million.
November 11, 2021 at 07:00 am
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Maruo Calcium Co., Ltd. (TSE:4102)?announces a share repurchase program. Under the program, the company will repurchase up to 30,000 shares, representing 1.34% of its issued share capital for ?43.47 million. The shares will be repurchased at a price of ?1,499 per share. The purpose of the program is improving capital efficiency and implementing agile capital policies in response to changes in the business environment. The program is valid till November 12, 2021. As of September 30, 2021, the company had 2,233,861 shares issued (excluding treasury stock) and 121,339 shares in treasury.
Maruo Calcium Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of calcium carbonate and related business. The Company is engaged in the manufacture and sale of various types of calcium carbonate used in synthetic resins, paints, reinforcing fillers for rubber, and chemicals and food additives. The main products are compounded calcium carbonate and heavy calcium carbonate. The Company is also engaged in the purchase and sale of inorganic chemicals such as talc and silica.