Livesense Inc. announces an Equity Buyback for 740,000 shares, representing 2.63% for ¥250 million.
March 17, 2020 at 03:30 am EDT
Livesense Inc. (TSE:6054) announces a share repurchase program. Under the program, the company will repurchase 740,000 shares, representing 2.6% of the outstanding shares for ¥250 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment and to repurchase shares as part of its shareholder return policy. The program will run until July 31, 2020. As of December 31, 2019, the company had 28,143,680 shares outstanding and 320 shares in treasury.