The Shikoku Bank, Ltd. announces an Equity Buyback for 400,000 shares, representing 0.93% for ¥600 million.
November 09, 2018 at 12:00 am
Share
The Shikoku Bank, Ltd. (TSE:8387) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 0.93% of its share capital, for ¥600 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment, along with aiming to enhance returns for all shareholders. The share repurchase program will run until January 31, 2019. As of October 31, 2018, the company had 42,958,987 shares outstanding (excluding treasury shares) and 341,013 shares in treasury.
The Shikoku Bank, Ltd. is a regional bank mainly engaged in the banking business, leasing business and other financial businesses. The banking business is engaged in the banking agency business and credit guarantee business. The leasing business is involved in the leasing business. The others business is engaged in the computer-related business, the investigation and research related to industry, economics and finance, as well as the management and operation of investment business partnership assets.