Son’s SoftBank stake rises to 29% after treasury share retirement By Reuters
© Reuters. FILE PHOTO: SoftBank Corp’s emblem is pictured at a information convention in Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) -SoftBank Group Corp CEO Masayoshi Son’s stake within the Japanese conglomerate he based has risen to 29.01% from 26.90% in February following the retirement of treasury shares, regulatory filings confirmed on Thursday.
Son’s stake can be bigger if not for the exclusion of shares held by an entity which, in line with filings, Son now not represents after being changed by his brother Taizo Son.
SoftBank accomplished a report $23 billion share buyback programme this month and has retired most of its treasury shares. The inventory has misplaced 20% since hitting two-decade highs in March.
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