Announcement Regarding Decision on Matters Concerning Acquisition of Own Shares (Acquisition of own 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)
May 10, 2019
Resona Holdings, Inc.
Resona Holdings, Inc. (the "Company") decided, at a meeting of its Board of Directors held today, to acquire its own shares pursuant to Article 156, Paragraph 1 of the Companies Act based upon the provision of Article 50 of the Company's Articles of Incorporation made under Article 459, Paragraph 1, Item 1 of the Companies Act, as follows:
1. Reasons for the acquisition of own shares
The Company intends to acquire its own shares in order to enhance return to its shareholders, improve the capital efficiency and enable implementation of flexible capital policies.
2. Details of the matters concerning the acquisition
|
Ordinary shares of the Company |
|---|---|
|
Up to 30,000,000 shares (Representing 1.29% of the total number of ordinary shares issued, excluding treasury shares) |
|
Up to 10,000,000,000 yen |
|
From May 13, 2019 through June 14, 2019 |
|
Market purchase on the Tokyo Stock Exchange pursuant to discretionary purchase agreement |
(Reference) Holding of own shares (ordinary shares) as of March 31, 2019
| Total number of issued shares (including treasury shares) | 2,324,118,091 shares |
|---|---|
| Number of treasury shares | 7,296,614 shares* |
- *Including shares of the Company held by the ESOP-type Stock Benefit Trust for the Employee Shareholding Association. As of March 31, 2019, 6,314,100 shares of the Company are held by the ESOP-type Stock Benefit Trust for the Employee Shareholding Association.