Sompo : Announcement regarding Progress of Share Buybacks
September 03, 2021 at 02:02 am EDT
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[English Translation]
September 3, 2021
To Whom It May Concern:
Company Name : Sompo Holdings, Inc.
Representative : Kengo Sakurada, Group CEO
President and Representative
Executive Officer
(Stock Code: 8630, the first section of Tokyo Stock Exchange, Inc.)
Contact: Shimpei Aida
General Manager, Office of Group CFO
Tel: +81-3-3349-3913
Announcement regarding Progress of Share Buybacks
(Share buybacks in accord with articles of incorporation provisions set pursuant to Article 165,
paragraph 2, of the Companies Act)
Sompo Holdings, Inc. (the "Company") announces the progress of share buybacks under the resolution by its Board of Directors on May 20, 2021 in accord with Article 156 of the Companies Act applied pursuant to Article 165, paragraph 3 of the Companies Act.
1.
Class of shares
Common stock of the Company
2.
Total number of shares repurchased
2,086,900 shares
3.
Total price of shares repurchased
¥9,893,715,800
4.
Period (on the basis of execution date)
August 1, 2021 - August 31, 2021
5.
Method of repurchase
Open-market transactions on the Tokyo Stock Exchange
(For reference)
1. Details of the resolution approved at the Board of Directors' meeting held on May 20, 2021
(1)
Class of shares
Common stock of the Company
(2)
Potential total number
15,000,000 shares (upper limit)
(4.21% of issued and outstanding shares (net of treasury stock))
(3) Total price
¥40,400,000,000 (upper limit)
(4)
Period
May 27, 2021 - November 18, 2021
2. Total number and price of the Company's share buybacks under the resolution above
(1)
Total number
4,935,000 shares
(2)
Total price
¥22,341,749,300
(End of Document)
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Disclaimer
Sompo Holdings Inc. published this content on 03 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2021 06:01:03 UTC.
Sompo Holdings Inc. is one of the Japanese largest insurance groups. Revenues break down by activity as follows:
- non-life insurance (64.3%): automobile insurance (62.7% of net premiums written), fire insurance (14%), accident insurance (7%), marine insurance (1.9%) and other (14.4%);
- overseas non-life insurance (21.4%);
- life insurance (9.9%);
- health care services (4%);
- other (0.4%).