CHIBA BANK NEWS
February 7, 2018
Company Name: Representative:
Stock Exchange Listing: For Inquiry:
The Chiba Bank, Ltd. Hidetoshi Sakuma, President Tokyo (code: 8331) Tadayoshi Shinozaki,
Executive Officer and 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 Corporate Law of Japan)
At the Board of Directors' Meeting held on February 7, 2018, The Chiba Bank, Ltd. resolved to acquire its own shares under Article 156, as applied pursuant to Paragraph 3, Article 165, of the Corporate Law, 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 10 million shares (Equivalent to 1.26% of issued shares (excluding treasury shares)) |
(3) Total cost of acquisition | Up to 7.0 billion yen |
(4) Period of acquisition | From February 8, 2018 to March 23, 2018 |
3. Reference
Position of treasury shares as of December 31, 2017
Number of issued shares (excluding treasury shares) | 788,971,670 shares |
Number of treasury shares | 86,549,417 shares |
Chiba Bank Ltd. published this content on 07 February 2018 and is solely responsible for the information contained herein.
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