Japan Post Insurance : Notice Concerning the Result of the Acquisition of Treasury Stock through the Off-auction Own Share Repurchase Trading System (ToSTNeT-3)
August 11, 2022 at 10:09 pm EDT
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UNOFFICIAL TRANSLATION
Although Japan Post Insurance pays close attention to provide English translation of the information disclosed in Japanese, the Japanese original prevails over its English translation in the case of any discrepancy.
August 12, 2022
Company name: JAPAN POST INSURANCE Co., Ltd.
Representative: SENDA Tetsuya, Director and President, CEO, Representative Executive Officer
Stock exchange listing: Prime Market of the Tokyo Stock Exchange (Code Number: 7181)
Notice Concerning the Result of the Acquisition of Treasury Stock through the Off-auction Own Share Repurchase Trading System (ToSTNeT-3)
JAPAN POST INSURANCE Co., Ltd. (hereinafter the "Company") hereby announces the completion of its acquisition of treasury stock announced on August 10, 2022, as described below.
Class of shares to be acquired: Common stock of the Company
Total number of shares acquired: 8,462,200 shares
Total amount of shares acquired: 17,499,829,600 yen
Acquisition date: August 12, 2022
Method of acquisition: Purchases through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange, Inc.
Since the total acquisition amount of the Company's treasury stock through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) did not reach the maximum total amount of shares to be acquired as resolved at a meeting of the Board of Directors held on August 10, 2022, the Company plans to commence acquisition of its treasury stock through trading on the auction market starting on the 15th of the same month, up to the amount obtained by deducting the total acquisition amount of shares acquired through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) on August 12, 2022.
However, the actual amount of the acquisition may be significantly less than the above amount because the acquisition will be conducted so that the ratio of voting rights of the Company's shares held by JAPAN POST HOLDINGS Co., Ltd. will be maintained at 50% or less when making market purchases through trading on the auction market.
We will promptly inform you of the decision as soon as it is made.
(Reference)
1. Details of the resolution by the Board of Directors meeting held on August 10, 2022 concerning the acquisition of treasury stock
(1) Class of shares to be acquired: Common stock of the Company
Total number of shares to be acquired: 30,000,000 shares (maximum)
(The ratio of the total number of shares to be acquired to the total number of shares issued (excluding treasury stock): 7.5%)
Total amount of shares to be acquired: 35,000,000,000 yen (maximum)
Acquisition period: From August 12, 2022 to March 31, 2023
Method of acquisition: Purchases through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) and trading on the auction market of the Tokyo Stock Exchange, Inc.
In addition to the matters described above, any matters required for the acquisition of treasury stock shall be determined at the sole discretion of the President, CEO, Representative Executive Officer of the Company or a person appointed by the President, CEO, Representative Executive Officer of the Company.
2. Progress as of August 12, 2022
Total number of shares acquired: 8,462,200 shares
Total amount of shares acquired: 17,499,829,600 yen
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Japan Post Insurance Co. Ltd. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 02:08:03 UTC.
JAPAN POST INSURANCE Co., Ltd. is a Japan-based company principally engaged in the insurance business. The life insurance business performs insurance underwriting and asset management. The Company operates other financial businesses related to other insurance companies. The Company also performs simplified life insurance management services commissioned by the management organization.
Japan Post Insurance : Notice Concerning the Result of the Acquisition of Treasury Stock through the Off-auction Own Share Repurchase Trading System (ToSTNeT-3)