‘K’ LINE Completes Significant Treasury Stock Cancellation

Kawasaki Kisen Kaisha (JP:9107) has released an update.

Kawasaki Kisen Kaisha, Ltd. (‘K’ LINE) has announced the completion of a treasury stock cancellation of 39,556,000 shares, representing 5.53% of their pre-cancellation outstanding shares, effective August 7, 2024. This move follows a repurchase plan executed from May 8 to July 31, 2024, with a maximum expenditure of 100 billion yen. Post-cancellation, ‘K’ LINE’s issued share count stands at 675,172,067 with 1,112,044 shares held in treasury.

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