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Simplex Holdings,Inc. ( (JP:4373) ) has provided an announcement.
Simplex Holdings, Inc. announced its plan to execute a share buyback program through the Tokyo Stock Exchange off-auction trading system. The company intends to repurchase a maximum of 2,000,000 ordinary shares, representing up to 3.42% of the total shares issued (excluding treasury shares), with a total purchase price capped at ¥5 billion. This strategic financial move is aimed at enhancing shareholder value and optimizing capital structure. The buyback is set to occur from January 31, 2025, to May 31, 2025, with major shareholders, including the CEO, indicating their intention to sell part of their holdings.
More about Simplex Holdings,Inc.
YTD Price Performance: -1.65%
Average Trading Volume: 131,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: Yen144B
See more data about 4373 stock on TipRanks’ Stock Analysis page.