On the Acquisition and Cancellation of Class Five Preferred Shares
February 28, 2018
Company Name: Resona Holdings, Inc.
Director, President and Representative Executive Officer: Kazuhiro Higashi
(Code No.: 8308, 1st Section of the Tokyo Stock Exchange)
Resona Holdings, Inc. ("Resona Holdings") decided today that all of the Class Five Preferred Shares will be acquired, based on the provision of Article 16, paragraph 1 of Resona Holdings' articles of incorporation, and cancelled, based on the provisions of Article 178 of the Companies Act, subject to their acquisition, as follows.
1. Details of acquisition
| (1) Class of shares to be acquired | Class Five Preferred Shares |
|---|---|
| (2) Total number of shares to be acquired | 4,000,000 shares |
| (3) Amount of the acquisition price of the shares | 25,419.105 yen per share (*1) (*2) |
| (4) Total amount of the acquisition price of the shares | 101,676,420,000 yen |
| (5) Counterparties in the acquisition | 4,000,000 shares from The Dai-ichi Life Insurance Company, Limited |
| (6) Acquisition date | Thursday, March 15, 2018 |
- *1The amount equal to 25,000 yen plus 419.105 yen, which is the amount equivalent to the accrued dividends of surplus (the amount of the preferred dividends prorated for the period from the first day of the business year in which the acquisition takes place through the day of acquisition (including such first day and the day of acquisition)) less 459.375 yen which is the amount of the preferred interim dividends.
- *2Fractions of less than 0.01 yen is rounded up in respect of the amount equivalent to the accrued dividends of surplus.
2. Details of cancellation
| (1) Class of shares to be cancelled | Class Five Preferred Shares |
|---|---|
| (2) Total number of shares to be cancelled | 4,000,000 shares (all of the Class Five Preferred Shares that Resona Holdings will acquire based on 1. above) |
| (3) Effective date | Thursday, March 15, 2018 |
The cancellation is on the condition that Resona Holdings acquires all of the Class Five Preferred Shares based on 1. above.
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