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Leopalace21 updates on ¥8B share buyback program

Leopalace21 Corp. released an update on its ¥8.0 billion program to buy back up to 4.95% of its ordinary securities on issue.

Since the buyback program on the Tokyo stock exchange opened May 16, a total of 6,915,600 shares valued at nearly ¥4.91 billion have been repurchased by the company, as of July 31. These include the 3,739,900 ordinary shares bought for approximately ¥2.81 billion from July 1 to July 31.

The plan to buy back up to 13 million common shares is expected to be completed by March 30, 2018, according to a release.

As of Aug. 2, US$1 was equivalent to ¥110.48.