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SoftBank spent $3.8 billion to buy back 63.2 million shares in July, August

The latest purchases bring the total spent on buybacks since March to $9.5 billion

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SoftBank | Share buybacks

Reuters  |  TOKYO 

By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp on Monday said it spent 398 billion yen ($3.8 billion) buying back 63.2 million shares between July 1 and Aug. 3, part of a repurchase programme that has helped lift its share price to two decade highs. The latest purchases bring the total spent on buybacks since March to 1 trillion yen ($9.5 billion). SoftBank has approved a further two tranches totalling 1.5 trillion yen which will provide continued support to the conglomerate's shares. Chief Executive Masayoshi Son launched the buybacks, funded by a large-scale asset ...

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First Published: Mon, August 03 2020. 18:00 IST
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