Tokio Marine : Announcement regarding progress and completion of the share repurchases (24KB)PDF
August 19, 2021 at 02:14 am EDT
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August 19, 2021
Tokio Marine Holdings, Inc.
President: Satoru Komiya
TSE code number: 8766
Announcement regarding progress and completion of the share repurchases
(Acquisition by the Company of its own shares pursuant to the provision of its Articles of
Incorporation in accordance with Article 165, paragraph 2 of the Companies Act)
Tokio Marine Holdings, Inc. (the "Company") announced that it repurchased its own shares as approved by its board of directors on June 28, 2021 pursuant to Article 156 of the Companies Act, which is applicable in accordance with Article 165, paragraph 3 of the Companies Act. The progress of the share repurchases is as follows.
The Company also announces the completion of the share repurchases which were approved by its board of directors on June 28, 2021.
Class of shares repurchased: Common shares of the Company
Number of shares repurchased: 1,808,000 shares
Aggregate purchase price of the shares: 9,724,874,300 yen
Period in which repurchases were made:
From August 1, 2021 through August 16, 2021
(e) Method of repurchases:
Purchased through the Tokyo Stock Exchange
(For reference)
Details of the resolution made by the board of directors held on June 28, 2021 are as follows.
(a) Class of shares to be repurchased: Common shares of the Company
(b) Aggregate number of shares to be repurchased: Up to 7,500,000 shares
(Represents approximately 1.1% of the total issued shares excluding treasury shares)
(c) Aggregate purchase price of the shares: Up to 30 billion yen
(d) Period in which repurchases may be made: From July 1, 2021 through August 31, 2021
Details of the share repurchases made by August 16, 2021 as approved by the board of directors on June 28, 2021 are as follows.
(a) Number of shares repurchased: 5,703,100 shares
(b) Aggregate purchase price of the shares: 29,999,851,500 yen
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Tokio Marine Holdings Inc. published this content on 19 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2021 06:13:05 UTC.
Tokio Marine Holdings, Inc. is a holding company organized around 3 areas of activity:
- non life insurance (50.3% of net sales);
- life insurance (14.2%);
- other (1.2%): primarily financial services.
The remaining sales (34.3%) concerns the international insurance activities.