CHIBA BANK NEWS
September 25, 2018
Company Name: Representative:
Stock Exchange Listing: For Inquiry:
The Chiba Bank, Ltd. Hidetoshi Sakuma, President Tokyo (code: 8331)
Takashi Makinose,
General Manager, Corporate Planning Division
Announcement regarding acquisition of own shares
(Under the provisions of its Articles of Incorporation pursuant to Paragraph 2, Article 165 of the Companies Act of Japan)
At the Board of Directors' Meeting held on September 25, 2018, The Chiba Bank, Ltd. resolved to acquire its own shares under Article 156, as applied pursuant to Paragraph 3, Article 165, of the Companies Act, as follows.
1. Reason for acquisition of own shares To enhance shareholders' return by improving its capital efficiency.
2. Details of acquisition
(1) Type of shares to be acquired | Common stock |
(2) Total number of shares to be acquired | Up to 9 million shares (Equivalent to 1.16% of issued shares (excluding treasury shares)) |
(3) Total cost of acquisition | Up to 5.0 billion yen |
(4) Period of acquisition | From October 1, 2018 to October 31, 2018 |
3. Reference
Position of treasury shares as of August 31, 2018
Number of issued shares (excluding treasury shares) | 775,452,847 shares |
Number of treasury shares | 90,068,240 shares |
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Chiba Bank Ltd. published this content on 25 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 September 2018 06:18:06 UTC