To whom it may concern
July 27, 2017
Sumitomo Mitsui Trust Holdings, Inc. (Securities Code: 8309 TSE, NSE)
Notice regarding Repurchase of Own Shares (Repurchase of Own Shares pursuant to Provision of Our Articles of Incorporation in accordance with Article 459, Paragraph 1 of the Companies Act of Japan)Sumitomo Mitsui Trust Holdings, Inc. (Director, President: Tetsuo Ohkubo; hereinafter "SuMi TRUST Holdings") hereby announces that its board of directors resolved at its meeting held today to repurchase its own shares pursuant to the provision of its Articles of Incorporation in accordance with Article 459, Paragraph 1 of the Companies Act of Japan.
Reason for Repurchase
SuMi TRUST Holdings will repurchase its own shares in order to improve shareholder return as well as capital efficiency.
Details of Repurchase
(1) | Class of shares to be repurchased | Common stock of SuMi TRUST Holdings |
(2) | Total number of shares to be repurchased | Up to 2,000,000 shares (Percentage to the total number of shares in issue (excluding treasury stock) 0.52 %) |
(3) | Total amount of repurchase | Up to JPY 9,000,000,000 |
(4) | Repurchase period | From July 28, 2017 to August 31, 2017 |
(5) | Repurchase method | Market purchases on the Tokyo Stock Exchange based on a discretionary trading contract |
(Reference) Status of shares in issue and treasury stock as of June 30, 2017
Total number of shares in issue (excluding treasury stock) | 382,538,886 shares |
Number of treasury stock | 7,809,754 shares |
End.
Disclaimer:
This document is prepared for the purpose of public disclosure about the notice regarding Repurchase of Own Shares by SuMi TRUST Holdings and is not for the purpose of soliciting investment or engaging in any other similar activities within or outside of Japan.
For further information, please contact:
IR Department, Sumitomo Mitsui Trust Holdings, Inc. Telephone: +81-3-3286-8354
Facsimile: +81-3-3286-4654
Sumitomo Mitsui Trust Holdings Inc. published this content on 27 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 July 2017 07:14:05 UTC.
Original documenthttp://www.smth.jp/en/news/2017/E170727-1.pdf
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