Morinaga to Conduct Up to 10 Billion Yen Share Buyback

MT Newswires Live

Nov 19, 2024

Morinaga & Co (TYO:2201) will repurchase up to 3.86 million shares, equivalent to 4.30% of its outstanding stock, through the Tokyo Stock Exchange's off-auction own share repurchase trading (ToSTNeT-3) system and an accelerated share repurchase (ASR) program, according to a Monday filing on the Tokyo Stock Exchange.

The buyback, valued at up to 10 billion yen, will be executed at 2,591.5 yen per share, the closing price on Nov. 18.

SMBC Nikko Securities, acting as a counterparty in the ASR, will initially sell 2.51 million shares, worth about 6.5 billion yen, with adjustments made to reflect the volume-weighted average price over a specified trading period.

Price (JPY): $2591.50, Change: $-12, Percent Change: -0.46%

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Co (TYO:2201) will repurchase up to 3.86 million shares, equivalent to 4.30% of its outstanding stock, through the Tokyo Stock Exchange's off-auction own share repurchase trading (ToSTNeT-3) system and an accelerated share repurchase (ASR) program, according to a Monday filing on the Tokyo Stock Exchange.</p><p>The buyback, valued at up to 10 billion yen, will be executed at 2,591.5 yen per share, the closing price on Nov. 18.</p><p>SMBC Nikko Securities, acting as a counterparty in the ASR, will initially sell 2.51 million shares, worth about 6.5 billion yen, with adjustments made to reflect the volume-weighted average price over a specified trading period.</p><p>Price (JPY): $2591.50, Change: $-12, Percent Change: -0.46%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0210535034.USD","symbol_name":"摩根大通拉丁美洲基金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2484938063","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484938063","pubTimestamp":1731970919,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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