Toshiba to Buy Back 6% of Outstanding Shares

07 June 2021

    Toshiba which has since a month seen pressure from activist shareholders to return a surplus of 150 billion yen against the appropriate shareholder equity level, said on Monday it would buy back up to 6% of its outstanding shares worth around 100 billion yen ($913 million), as part of its plan to boost shareholder returns.


    The company will additionally put around 50 billion yen towards paying a special dividend as "some shareholders, mainly retail shareholders, prefer dividends”.

    *The products advertised are only available to clients under Fondex Limited (SDL No: SD037). Trading CFDs involves significant risk of loss.