Sumitomo Mitsui Financial Group, Inc.
Notice Regarding Acquisition of SMFG Shares
for the Share-Based Compensation Plan for Employees
According to the resolution of the Board of Directors on May 15, 2024, of Sumitomo Mitsui Financial Group, Inc. ("SMFG", President and Group CEO: Toru Nakashima), SMFG hereby announces the details of the acquisition of SMFG shares by the ESOP Trustee for the share- based compensation plan.
1.Overview of the ESOP Trust
(1)Name | Stock grant trust for employees | ||
(2)Trustor | Sumitomo Mitsui Financial Group, Inc. | ||
(3)Trustee | Sumitomo Mitsui Trust Bank, Ltd | ||
(Co-Trustee: Custody Bank of Japan, Ltd) | |||
(4)Beneficiary | Employees who meet requirements as beneficiaries | ||
(5)Trust | Third party that is independent of SMFG and its officers will be | ||
administrator | appointed | ||
(6)Voting rights | The trustee shall excise the voting during the trust period based | ||
on the trust administrator's instructions. | |||
(7)Trust type | Money trust other than a specified cash trust for separate | ||
investment | |||
(8)Date of Trust | May 23, 2024 | ||
Contract | |||
(9)Date to Entrust | May 23, 2024 | ||
Cash | |||
(10)Date to End | The end of May 2026(planned) | ||
Trust | |||
2.Acquisition of SMFG shares by the ESOP Trustee | |||
(1)Type of shares | Common shares | ||
(2)Cash entrusted for the | JPY1,490,000,000 | ||
acquisition of the shares | |||
(3)Number of shares | 149,000 (Maximum) | ||
(4)Mean of the share | Acquisition from the stock market | ||
acquisition | |||
(5)Timing of the share | May 23, 2024 ~ May 31, 2024 | ||
acquisition | |||
End of Document | |||
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Disclaimer
Sumitomo Mitsui Financial Group Inc. published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 11:19:45 UTC.