TYK Corporation announces an Equity Buyback for 1,000,000 shares, representing 2.24% for ¥300 million.
June 05, 2019 at 07:00 am
TYK Corporation (TSE:5363) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.24% of its share capital, for ¥300 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. The share repurchase program will run until March 31, 2020. As of May 31, 2019, the company had 44,626,429 shares outstanding (excluding treasury shares) and 850,571 shares in treasury.