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6-K: Notice Regarding the Status of Repurchase of Shares of Common Stock

SEC ·  Aug 5, 2024 21:17

Summary by Futu AI

Sony Group Corporation reported the status of its share repurchase program for July 2024. The company bought back 3,761,200 shares of its common stock for a total of ¥53,599,437,491 through open market purchases on the Tokyo Stock Exchange from July 1 to July 31, 2024.This repurchase is part of a larger program approved by Sony's Board of Directors on May 14, 2024. The program authorizes the repurchase of up to 30 million shares (2.46% of outstanding shares, excluding treasury stock) or ¥250 billion, whichever comes first, between May 15, 2024, and May 14, 2025.As of July 31, 2024, Sony has repurchased a total of 7,116,100 shares for ¥97,331,130,991 under this program. The company also plans a stock split effective October 1, 2024, which will adjust the maximum number of shares for repurchase to 150 million after the split.
Sony Group Corporation reported the status of its share repurchase program for July 2024. The company bought back 3,761,200 shares of its common stock for a total of ¥53,599,437,491 through open market purchases on the Tokyo Stock Exchange from July 1 to July 31, 2024.This repurchase is part of a larger program approved by Sony's Board of Directors on May 14, 2024. The program authorizes the repurchase of up to 30 million shares (2.46% of outstanding shares, excluding treasury stock) or ¥250 billion, whichever comes first, between May 15, 2024, and May 14, 2025.As of July 31, 2024, Sony has repurchased a total of 7,116,100 shares for ¥97,331,130,991 under this program. The company also plans a stock split effective October 1, 2024, which will adjust the maximum number of shares for repurchase to 150 million after the split.

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