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Japan Exchange to repurchase 16 million shares

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Japan Exchange to repurchase 16 million shares

Japan Exchange Group Inc. plans to repurchase up to 16 million own shares after concluding its previous buyback program.

The company said Jan. 30 that it will repurchase the shares for up to ¥16 billion. The repurchase period will run from Jan. 31 to July 27.

The shares to be repurchased represent 2.9% of the company's total shares outstanding, excluding treasury shares.

Meanwhile, the company concluded its previous share buyback program Jan. 27, repurchasing 2,746,800 shares for ¥3.99 billion.

Under the program, announced in July 2016, the company sought to buy back up to 10 million shares for up to ¥10 billion.

As of Jan. 30, US$1 was equivalent to ¥113.84.