Unicafe Inc. announces an Equity Buyback for 206,500 shares, representing 1.7% for ¥226.53 million.
February 20, 2018 at 02:15 am EST
Unicafe Inc. (TSE:2597) announces a share repurchase program. Under the program, the company will repurchase up to 206,500 shares, representing 1.7% of its share capital, at ¥1,097 per share for ¥226.53 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. As of January 31, 2018, the company had 12,140,260 shares outstanding (excluding treasury shares) and 1,728,940 shares in treasury.