SoftBank to retire treasury shares worth 16% of outstanding stock

SoftBank to retire treasury shares worth 16% of outstanding stock - Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html

By Reuters

Published on 29/04/2021 - 06:00•Updated 25/04/2024 - 07:19

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TOKYO (Reuters) - SoftBank Group Corp said on Wednesday it would retire treasury shares worth 16.3% of its outstanding stock after a record-breaking share buyback swelled its holdings.

The cancellation will leave the investment conglomerate holding as treasury stock 0.6% of total shares issued.