(Under the Provision of its Articles of Incorporation
pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)
T&D Holdings, Inc. (President: Hirohisa Uehara) of the T&D Insurance Group hereby announces that its Board of Directors has resolved at its meeting held on May 15, 2019, the acquisition of treasury shares under the provision Article 156 of the Companies Act of Japan, as applied pursuant to Article 165, Paragraph 3 of the same, as follows:
1. Reasons for the acquisition of treasury shares
To enhance shareholder return and improve capital efficiency.
2. Details of the acquisition
(1)
Type of shares to be acquired
: Shares of common stock
(2)
Number of shares to be acquired
: Up to 16,000,000 shares
(2.61% of total shares outstanding (excluding treasury shares))
(3)
Total amount of acquisition
: Up to 13 billion yen
(4)
Period of acquisition
: From May 16, 2019, to August 30, 2019
(5)
Method of acquisition
: Open-market repurchase by the trust method
(Reference) Status of treasury shares held by the company as of April 30, 2019
(1)
Total number of shares issued (excluding treasury shares) :
612,034,268 shares
(2)
Number of treasury shares*
:
42,965,732 shares
*The number of treasury shares includes 827,900 shares that remain in the Board Incentive Plan Trust (BIP Trust), which are recorded as treasury shares in shareholders' equity.
T&D Holdings Inc. published this content on 15 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2019 12:02:02 UTC
T&D HOLDINGS INC. 
