FineMat Applied Materials Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 1.51% for TWD 551.83 million.
November 05, 2021 at 05:35 am EDT
FineMat Applied Materials Co., Ltd. (TWSE:6698) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 common shares, representing 1.51% of its issued share capital, for a total cost of TWD 551.83 million. The repurchases will be made at a price that is within the range of TWD 27.34 and TWD 57.7 per share. The purpose of the program is to repurchase share for transfer to employee. The plan will expire on January 7, 2022. As of November 5, 2021, the company does not hold shares in treasury.