Rokko Butter Co., Ltd.'s Equity Buyback in the amount of ¥106.93 mm has expired
December 11, 2012 at 05:00 am
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The Board of Directors of Rokko Butter Co., Ltd. (OSE:2266) authorized a share repurchase program on December 10, 2012. Under the program, the company will repurchase up to 170,000 common shares, representing 0.82% of its issued share capital (excluding treasury shares), at a fixed price of ¥629 per share, for a total cost of ¥106.93 million. The repurchases will be done at the Osaka Securities Exchange (J-NET Market). The repurchases will be done based on Article 165, Clause 3, of Japan's Corporate Law, as interpreted in lieu of Article 156, of Japan's Corporate Law. The purpose of the repurchase program is to conduct a flexible capital policy in compliance with changes in business environment. Due to market conditions, there is a possibility that the number of shares could not be acquired in part or in full. Repurchases will be made on December 11, 2012. As of December 10, 2012, the company has 20,794,084 shares outstanding (treasury shares excluded) and 658,041 shares held in treasury.
Rokko Butter Co., Ltd.'s share repurchase program expired on December 11, 2012. Under the program, the company repurchased 136,000 shares, representing 0.66% for ¥85.54 million.
ROKKO BUTTER CO., LTD. is Japan-based company mainly engaged in the manufacture and sale of cheeses, the sale of nuts, as well as the import and sale of chocolates. The Company is engaged in the manufacture and sale of food products such as cheeses, nuts and chocolates. The main products include cheese products such as baby cheeses, sliced cheeses, candy cheeses, stick cheeses, smoked cheeses, mixed cheeses, powdered cheeses and cream cheeses, nuts products such as almonds, snacks, cheese beans and mixed nuts, as well as chocolate products such as milk chocolates, nut chocolates, chocolate plates, chocolate bars and chocolate balls.