E'grand Co.,Ltd announces an Equity Buyback for 350,000 shares, representing 5.5% for ¥400 million.
July 30, 2021 at 02:00 am
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e'grand Co.,Ltd (TSE:3294) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 5.5% of its issued share capital, for a total of ¥400 million. The shares will be repurchased by market purchase based on a discretionary transaction transaction contract in relation to the acquisition of own shares. The purpose of the program is to improve shareholder returns and enable the implementation of a flexible capital policy. The share repurchase program is valid until July 29, 2022. As of July 30, 2021, the company had 6,360,300 shares outstanding and 18,800 shares in treasury.
e'grand Co Ltd is a Japan-based company primarily engaged in used housing restoration business including used condominiums and detached houses. The used housing restoration business purchases used houses from real estate auction markets and general used housing distribution markets and recovers the function of the houses through renovation, then sells its properties to primary target customers, including young families and first-time housing buyers. It mainly provides residential properties in Tokyo and Kansai area. The other business is engaged in the real estate leasing, remodeling contracting business and other real estate-related businesses.
E'GRAND CO.,LTD 
