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Vertex Corporation announces share buyback and cancellation
Vertex Corporation <5290> announced a share buyback program and a share cancellation after the market close on Thursday. The buyback program sets an upper limit of 588,000 shares, or 1 billion yen, representing 1.17% of issued shares excluding treasury stock, with the acquisition period running from June 1 to September 30. The company stated that the move aims to enhance shareholder returns and improve capital efficiency.
Meanwhile, the company will cancel 2.8 million shares, representing 4.85% of issued shares before cancellation, on June 11. The number of issued shares after the cancellation will be 54.91 million.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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