Skymark is implementing a buyback of 1.38 million shares of its common stock.
The shares will be used for granting to employees as a part of the restricted stock compensation system, amounting to 2.29% of the total number of issued shares. Based on the closing price of ¥1,010 per share on January 9th, the buyback will be conducted through the off-auction own share repurchase trading system of the Tokyo Stock Exchange at 8:45 AM on January 10th. The total acquisition amount is ¥13.938 billion.
Furthermore, shareholders Integral No. 2 Investment Business Limited Partnership and Integral Fund II (A) L.P. have indicated their intention to participate.
