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JX Advanced Metals Completes 194.9 Billion Yen Share Buyback via Tender Offer

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JX Advanced Metals (TYO:5016) has completed its tender offer to repurchase 57.3 million of its own shares at 3,401 yen each, for a total of 194.9 billion yen, according to a Tokyo bourse filing on Thursday.

The offer, running from May 21 to June 17, was oversubscribed, with 57.33 million shares tendered, and the company used a pro-rata allocation method to determine final purchases.

JXAM also plans to cancel four million of the repurchased shares on July 31. Settlement for the tender offer is scheduled to begin on July 9, through Daiwa Securities.

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