Announcement Regarding Decision on Matters Concerning Acquisition of Treasury Shares and Cancellation of Treasury Shares
November 10, 2023
Resona Holdings, Inc.
Resona Holdings, Inc. (President:Masahiro Minami) 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.
1. 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.
2. 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 25,000,000 shares (1.06% of the total number of ordinary shares issued (excluding treasury shares)) |
| (3) Total acquisition cost | Up to 15,000,000,000 yen |
| (4) Period of acquisition | From November 13, 2023 to December 29, 2023 |
| (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 25, 2024 (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, 2023
| Total number of shares issued (including treasury shares) | 2,362,314,666 shares |
|---|---|
| Number of treasury shares | 14,238,816 shares(Note) |
- (Note)Including shares of Resona Holdings held by the ESOP-type Stock Benefit Trust for the Employee Shareholding Association and the Stock Benefit Trust for the Executives. As of September 30, 2023, 13,404,700 shares of Resona Holdings are held by the ESOP-type Stock Benefit Trust for the Employee Shareholding Association and the Stock Benefit Trust for the Executives.