Oiles Corporation announces an Equity Buyback for 500,000 shares, representing 1.59% for ¥1,000 million.
November 02, 2017 at 02:00 am
Oiles Corporation (TSE:6282) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 1.59% of the outstanding shares for ¥1,000 million. The purpose of the program is to increase shareholder returns and enhance capital efficiency. The program will run until January 31, 2018. As of September 30, 2017, the company had 31,534,837 shares outstanding and 2,765,668 shares in treasury.