Announcement Regarding Decision on Matters Concerning Acquisition of Treasury Shares and Cancellation of Treasury Shares
November 09, 2021 at 02:03 am EST
Share
November 9, 2021
To whom it may concern,
Company Name
Resona Holdings, Inc.
Representative
Director, President and Representative
Executive Officer Masahiro Minami
(Code 8308 1st section of Tokyo Stock Exchange)
Announcement Regarding Decision on Matters Concerning Acquisition of Treasury
Shares and Cancellation of Treasury Shares
(Acquisition of treasury shares pursuant to Article 156, Paragraph 1 of the Companies Act, based upon a provision of the Articles of Incorporation made under Article 459, Paragraph 1, Item 1 of the Companies Act, and cancellation of treasury shares pursuant to Article 178 of the Companies Act)
Resona Holdings, Inc. ("Resona Holdings") has resolved, at its board of directors meeting held today, to acquire its treasury shares pursuant to Article 156, Paragraph 1 of the Companies Act, based upon the provision of Article 50 of Resona Holdings' Articles of Incorporation made under Article 459, Paragraph 1, Item 1 of the Companies Act. Resona Holdings has also decided to cancel its treasury shares pursuant to Article 178 of the Companies Act.
Reasons for the acquisition of treasury shares
Resona Holdings will acquire its treasury shares in order to enhance return to its shareholders, improve the capital efficiency and enable implementation of flexible capital policies.
Details of the matters concerning the acquisition
(1)
Class of shares to be acquired
Ordinary shares of Resona Holdings
(2)
Total number of shares to be acquired
Up to 30,000,000 shares
(1.24% of the total number of ordinary shares
issued (excluding treasury shares))
(3)
Total acquisition cost
Up to 10,000,000,000 yen
(4)
Period of acquisition
From November 10, 2021 to December 20, 2021
(5)
Method of acquisition
Market buying on the Tokyo Stock Exchange
pursuant to the discretionary purchase agreement
3. Details of the matters concerning the cancellation
(1)
Class of shares to be cancelled
Ordinary shares of Resona Holdings
(2)
Number of shares to be cancelled
The number corresponding to all of the treasury
shares acquired through 2 above
(3)
Date of cancellation
January 11, 2022 (planned)
The number of shares to be cancelled will be announced after completion of the acquisition of treasury shares pursuant to 2 above.
(Reference) Status of treasury share holding (ordinary shares) as of September 30, 2021
Total number of shares issued (including treasury shares)
2,424,042,866 shares
Number of treasury shares
4,764,664 shares (Note)
(Note) Including shares of Resona Holdings held by the Stock Benefit Trust for the Executives. As of September 30, 2021, 3,789,600 shares of Resona Holdings are held by the Stock Benefit Trust for the Executives.
End
Attachments
Original document
Permalink
Disclaimer
Resona Holdings Inc. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 07:02:11 UTC.
Resona Holdings, Inc. is a financial services group especially organized around 3 areas of activity:
- retail banking and asset management;
- corporate banking;
- market banking.
At the end of March 2021, the group managed JPY 58,691.2 billion of current deposits and JPY 38,978.9 billion of current credits.
Almost all revenues are in Japan.