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Allied Telesis Holdings Board Approves 250 Million Yen Share Buyback Program

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Allied Telesis Holdings K.K (TYO:6835) board approved a share buyback program to repurchase up to 1 million common shares, representing 0.96% of its outstanding shares, for a consideration of up to 250 million yen, according to a Tokyo Stock Exchange filing on Tuesday.

The Japan-based networking infrastructure provider said that the buyback will run between June 17 and July 17 through market purchase on the Tokyo Stock Exchange.

The buyback is intended to implement a flexible capital policy and enhance shareholder returns.

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