Tokai Tokyo Financial : Completion of Share Repurchase and Retirement Date of Treasury Shares
July 11, 2019 at 03:28 am EDT
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Press Release
5-1, NIHONBASHI 2-CHOME,CHUO-KU, TOKYO 103-6130 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, NSE: 8616) July 11, 2019
Completion of Share Repurchase and Retirement Date of Treasury Shares
(This release refers to the share repurchase in accordance with the Articles of Incorporation of Tokai Tokyo Financial Holdings, Inc., pursuant to the Paragraph 2, Article 165 of the Company Law of Japan, and refers to the treasury share retirement pursuant to the Article 178 of the same law)
We, Tokai Tokyo Financial Holdings, Inc. (hereinafter "the Company") hereby report the result of the repurchase of our own shares as per the provision of Article 156 of the Company Law of Japan by interpreting the wordings of the Paragraph 3 of the Article 165 of the same Law. We set out below the result.
Concurrently, we notifiy you that we have completed the entire share repurchase intended by the resolution passed at the meeting of its Board of Directors held on May 20, 2019.
Besides, we determined the retirement date of the treasury shares as per the provision of Article 178 of the same law. We set out below the relevant information.
1.
Current status of the share repurchase
(1)
Class of shares repurchased:
Common stock of the Company
(2)
Period of repurchase:
From July 1, 2019 to July 10, 2019 (trade basis)
(3)
Aggregate number of shares repurchased:
1,732,200 shares
(4)
Aggregate amount repurchased:
585,521,200 yen
(5)
Method of repurchase:
Purchase in the market through a trust bank
2.
Retirement date of the treasury shares:
August 30, 2019
(Reference)
1. Description of the resolution adopted by the meeting of the Board of Directors held on May 20, 2019 (Outline of the share repurchase)
(1)
Class of shares to be repurchased:
Common stock of the Company
(2)
Aggregate number of shares to be repurchased:
Up to 10 million shares
(Equivalent to 3.87% of the total number of issued
shares excluding treasury shares)
Aggregate amount to be repurchased:
Period of repurchase (planned):
Method of repurchase:
(Outline of the treasury share retirement)
Class of shares:
Aggregate number of shares to be retired:
Up to 3.6 billion yen
From June 1, 2019 to August 31, 2019 Purchase in the market through a trust bank
Common stock of the Company 10 million shares
(3.69% of total issued shares including treasury shares before retirement)
(3) Planned date of retirement:
August 31, 2019
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2. Result of the share repurchase in total in accordance with the above resolution
(1)
Total number of shares repurchased:
10,000,000 shares
(2)
Total amount repurchased:
3,440,347,400 yen
(end)
Contact: +81-(0)3-3517-8618, Corporate Communications, Tokai Tokyo Financial Holdings, Inc.
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Tokai Tokyo Financial Holdings Inc. published this content on 11 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2019 07:27:06 UTC
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. 
