News Release
Nomura Announces Result of Jafco Stock Sale Tokyo, July 28, 2017- Nomura Holdings, Inc. (NHI) today announced that it has tendered and sold all of its holdings of ordinary shares in Jafco Co., Ltd. (Jafco) through a share buyback conducted by Jafco as announced in the news release issued on July 27, 2017, titled "Nomura to Participate in Jafco Share Buyback".-
Number of Shares Sold
1. Number of shares sold
8,488,200 shares (representing 17.6% of shares issued and 19.1% of voting rights) 1
2. Selling Price
JPY 4,560 (Closing price on July 27, 2017)
3. Total Amount
JPY 38.7bn
Change in Number of Shares
1. Before the transaction
8,488,200 shares
(representing 17.6% of shares issued)
2. After the transaction
0 shares
(representing 0.0% of shares issued)
-
Overview
Jafco will no longer be an equity method affiliate of NHI due to completion of the transaction. However, the transaction will not affect the current business relationship between NHI and Jafco.
- Financial Impact
The transaction will generate pretax income of approximately JPY 9 billion which will be booked in NHI's second quarter consolidated financial results.
ends
Nomura
Nomura is an Asia-headquart ered f inancial services group w ith an integrated global netw ork spanning over 30 countries. By connecting mar kets East & West, Nomura services the needs of indiv iduals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Mar kets and Invest ment Banking). Founded in 1925, the f irm is built on a tradition of disciplined entrepreneurship, serving clients w ith creative solutions and cons idered thought leadership. For f urther inf or mation about Nomura, visit w w w.nomura.com.
1 Percentages are based on shares held as of March 31, 2017.
Nomura Holdings Inc. published this content on 28 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 July 2017 01:37:06 UTC.
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