United Super Markets Holdings Inc. announces an Equity Buyback for 4,000,000 shares, representing 3.04% for ¥4,000 million.
April 11, 2017 at 01:47 am
United Super Markets Holdings Inc. (TSE:3222) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 3.04% of the total shares outstanding for ¥4,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to enhance shareholder returns. The shares will be repurchased until April 11, 2018. As of February 28, 2017, the company had 131,673,581 shares outstanding and 7,775 shares in treasury.