The Awa Bank, Ltd. announces an Equity Buyback for 500,000 shares, for ¥1,250 million.
May 13, 2022 at 03:00 am
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The Awa Bank, Ltd. (TSE:8388) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 1.19% of its share capital, for ¥1,250 million. The shares will be repurchased at a price of ¥2,134 per share.
The company will repurchase its shares in order to flexibly implement capital policies in response to changes in the business environment and return profits to shareholders. The shares repurchased will be cancelled. The program will run until May 16, 2022.
As of March 31, 2022, the company had 41,953,496 shares outstanding (excluding treasury shares) and 1,286,504 shares in treasury.
Awa Bank Ltd is a Japan-based company mainly engaged in the banking services, leasing services and other financial services. The Company operates through two business segments. The Banking segment is engaged in the provision of deposits, lending, securities investment, domestic exchange, and foreign exchange services, and the provision of financial products and services through the sales of public bonds, investment trusts and insurance, financial products brokerage, and trust products. The Company is also engaged in the provision of banking services, credit guarantee services, credit card services, and management consulting services as supplements to the banking business. The Leasing segment is engaged in the leasing business.
THE AWA BANK, LTD. 
