COTA CO., LTD. Cota Co., Ltd. (TSE:4923) announces a share repurchase program. Under the program, the company will repurchase 518,400 shares, representing 1.84% of the outstanding shares for ¥662 million. The shares will be repurchased from ¥1,277 per share.
The purpose of the program is to be able to execute flexible capital policies in response to future changes in the economic situation. The shares will be repurchased from Eiwa Shoji Co., Ltd. who wants to sell 363,100 shares. The program will run until June 13, 2024.
As of May 16, 2024, the company had 28,232,805 shares outstanding (excluding treasury) and 4,701,858 shares in treasury.
