I-O Data Device, Inc. announces an Equity Buyback for 400,000 shares, representing 2.93% for ¥500 million.
December 17, 2018 at 03:00 am
I-O Data Device, Inc. (TSE:6916) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 2.93% of the outstanding shares for ¥500 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. The program will run until April 30, 2019. As of September 30, 2018, the company had 13,631,970 shares outstanding and 1,207,379 shares in treasury.