Monex completes latest share repurchase program
Electronic trading company Monex Group Inc (TYO:8698) announces that it has completed the share repurchase as was contemplated based on the resolution of the Board of Directors made on November 10, 2022.
In February 2023, the broker repurchased 2,183,600 shares. This takes the total number of shares repurchased by Monex during the period from November 10, 2022 to February 28, 2023 to 11,036,000. The aggregate price of the shares is 4,999,978,192.
The broker decided on the share repurchase after comprehensive consideration of the business environment surrounding the group, the performance of its subsidiaries in the U.S. and other countries, the solid financial foundation and other conditions of the group, and the current level of the company’s stock price.
The total number of shares to be repurchased was up to 12.5 million, with the total cost being JPY 5 billion.
The repurchase period ran from November 14, 2022 to February 28, 2023.