Osaka Organic Chemical Industry Ltd. announces an Equity Buyback for 300,000 shares, representing 1.34% for ¥450 million.
January 11, 2018 at 06:10 am
Osaka Organic Chemical Industry Ltd. (TSE:4187) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.34% of its share capital, for ¥450 million. The company will repurchase its shares in order to improve corporate value by increasing capital efficiency. The share repurchase program will run until February 21, 2018. As of November 30, 2017, the company had 22,410,038 shares outstanding and 9,991 shares in treasury.