announces that its subsidiary, Resona Bank, Limited (President: Shoichi Iwanaga,) has resolved to acquire the shares of Diamond Electric Holdings Co., Ltd. ("DEH") as described in the table below, in a capacity of trustee of the DEH's share benefit trust for its officers and the share benefit trust for its employees, released by DEH on May 24, 2021 and August 30, 2021 (hereinafter collectively referred to as the "Trusts").
It is hereby notified that as this acquisition constitutes not less than 5% on a voting rights basis, and therefore, corresponds to the "Buying Up" defined in Article 31 of the Order for Enforcement of the Financial Instruments and Exchange Act.
Securities
Number of
Ratio to the
Number of
Number of
Securities
Name
Date of
Type of
Acquired
Acquired
Voting Rights
Code
(Company
Acquisition
Shares
Voting
Shares
of All
name)
Rights
Shareholders
Diamond
Shares of
720,000
7,200
Electric
September 15,
6699
common
voting
9.57%*
Holdings
2021
shares
stock
rights
Co., Ltd.
The ratio to the number of voting rights of all shareholders shows the acquired percentage after Resona Bank has recorded the shares in its trust accounts for the Trusts resulting from DEH's disposal of treasury stocks through a third-party allocation. To be specific, the ratio was calculated by dividing the acquired voting rights (7,200) by the sum of: i) the total number of voting rights as of March 31, 2021 (68,065); and ii) the increased voting rights through the disposal of DEH's treasury stocks (7,200).
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Disclaimer
Resona Holdings Inc. published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2021 07:01:06 UTC.
Resona Holdings, Inc. is a financial services group especially organized around 3 areas of activity:
- retail banking and asset management;
- corporate banking;
- market banking.
At the end of March 2021, the group managed JPY 58,691.2 billion of current deposits and JPY 38,978.9 billion of current credits.
Almost all revenues are in Japan.