EIH Charging Solutions Announces Share Buy-Back Program
Aug 23, 2023
EIH Charging Solutions introduces a share buyback program.
Kyoto, Japan - August 23, 2023 —
EIH Charging Solutions, a leading provider of electric vehicle charging equipment and solutions, today announced that it has authorized a share buyback program. The program will allow the company to repurchase its outstanding shares at a price point that will realize a profit for its shareholders.
The share buyback is being undertaken in response to the company's strong financial performance in the first half of 2023. These results were significantly ahead of the company's expectations, and they reflect the growing demand for electric vehicle charging solutions.
"We are pleased to announce this share buyback program, which is a testament to our strong financial performance and our commitment to generating value for our shareholders," said the CEO of EIH Charging Solutions. "We believe that this program is an attractive use of capital, and we are confident that it will enhance shareholder value over the long term."
The share buyback program will be funded by the company's cash reserves. The company expects to complete the share buyback by the end of 2023.
The company is headquartered in Kyoto, Japan, and has a global presence. It has over 20 years of experience in the industry and is a leading provider of DC fast chargers, AC chargers, battery replacement equipment, and software solutions for managing and optimizing electric vehicle charging infrastructure.
Contact Information:
For media inquiries, please contact the EIH Charging Solutions Press Office at [email protected]
Contact Info:
Name: Jack Hilton (Senior Advisor)
Email: Send Email
Organization: EIH Charging Solutions
Website: https://eihchargingsolutions.com/
Release ID: 89105526
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