The Fukui Bank, Ltd. announces an Equity Buyback for 500,000 shares, representing 2.07% for ¥725.5 million.
June 11, 2021 at 08:00 am
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The Fukui Bank, Ltd. (TSE:8362) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.07% of its share capital, at ¥1,451 per share for ¥725.5 million. The company will repurchase its shares in order to enable the execution of agile capital policies in response to changes in the business environment. The plan will be valid till June 14, 2021. As of May 31, 2021, the company had 24,144,669 shares outstanding (excluding treasury shares) and 82,077 shares in treasury.
Fukui Bank Ltd is a Japan-based company mainly engaged in businesses related to the provision of comprehensive financial services, centering on banking business. Its businesses include deposit services, lending services, domestic and foreign exchange services, and sales of government bonds, investment trusts, and individual annuity insurance. The Company also provides other comprehensive financial services such as consulting services, management and operation of investment partnership assets, guarantee services, leasing services, credit card services, computer-related services, worker dispatch services, fee-charging employment placement services, travel services based on the Travel Agency Law, sales operations of local products, local resources, and local brand products, as well as planning, management, and operation of smartphone application software.