CERES shares surge on announcement of share buyback of up to 1.25 million shares
CERES INC. <3696> shares surged after the company announced after the close on Oct. 1 a share buyback program. The buyback is capped at 1,250,000 shares (10.83% of issued shares excluding treasury stock) or 2.5 billion yen, with the acquisition period running from Oct. 2 through Sept. 30 of next year. CERES said the buyback aims to improve capital efficiency and enhance shareholder returns following the sale of its entire stake in Bitbank.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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