Tokai Tokyo Financial : The Notice of Resolutions Regarding the Share Repurchase and Treasury Share Retirement
October 27, 2017 at 08:33 am IST
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Press Release
6-2, NIHONBASHI 3-CHOME, CHUO-KU, TOKYO 103-0027 JAPAN
Note: This English translation is for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail. We assume no responsibility for this translation or for direct, indirect or any other form of damage arising from the translation.
(TSE: 8616)
October 27, 2017
The Notice of Resolutions Regarding the Share Repurchase and Treasury Share Retirement
(This is the decision making process regarding Share Repurchase that is to be effected in accordance with the Articles of Incorporation of Tokai Tokyo Financial Holding, Inc., pursuant to Paragraph 2, Article 165 of the Company Law of Japan, and regarding Treasury Share Retirement pursuant to Article 178 of the same law.)
Tokai Tokyo Financial Holdings announces that a meeting of its Board of Directors held today resolved to approve the matters regarding the repurchase of its own shares as per the provision of Article 156 of the Company Law of Japan by interpreting the wordings of Paragraph 3 of Article 165 of the same law. In addition, the meeting also resolved to approve the matters regarding the retirement of the treasury shares as per the provision of Article 178 of the same law. We set out below the relevant information:
Purpose of Share Repurchase and Treasury Share Retirement
The purpose is to enable Tokai Tokyo Financial Holdings, Inc. to increase shareholder returns and improve capital efficiency as well as to implement expeditious capital policy.
Outline of Share Repurchase
Class of shares: Common stock
Aggregate number of shares to be repurchased: Up to 5 million shares
(Up to 1.91% of total issued shares excluding treasury shares)
Aggregate amount to be repurchased: Up to 3.5 billion yen
Period for repurchase: From November 1, 2017 to March 30, 2018
Outline of Share Retirement
Class of shares: Common stock
Aggregate number of shares to be retired: 10 million shares
(3.56% of total issued shares including treasury shares before retirement)
Scheduled date of retirement: November 10, 2017
(Reference) Treasury Shares held as of September 30, 2017
Number of shares issued (excluding Treasury Shares): 261,813,793 shares Number of Treasury Shares: 18,768,322 shares
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Tokai Tokyo Financial Holdings Inc. published this content on 27 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 October 2017 03:02:02 UTC.
Original documenthttp://www.tokaitokyo-fh.jp/en/pressrelease/pdf/fh20171027_2.pdf
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Tokai Tokyo Financial Holdings Inc is a Japan-based company primarily engaged in investment and financial service business. The Company is engaged in the purchase and sale of securities, the brokerage of securities, the underwriting, sale, public offering and private offering of securities, as well as other financial product transaction businesses and financial product-related businesses. The Company is also engaged in the provision of financing and fund management services for clients in overseas markets, including Asian, American and European financial markets.
TOKAI TOKYO FINANCIAL HOLDINGS, INC. 
