Tokai Tokyo Financial : Result of Share Repurchase through Off-Auction Own Share Repurchase Trading (N-NET3)
February 14, 2018 at 09:41 pm EST
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Press Release
6-2, NIHONBASHI 3-CHOME, CHUO-KU, TOKYO 103-0027
JAPAN
Note: This English translation is for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
We assume no responsibility for this translation or for direct, indirect or any other form of damage arising from the translation.
(TSE, NSE: 8616) February 15, 2018
Result of Share Repurchase through Off-Auction Own Share Repurchase Trading (N-NET3)
We, Tokai Tokyo Financial Holdings, Inc., ("the Company") announce that we executed the share repurchase as announced yesterday, February 14, 2018.
We hereby give you the transaction outline as below;
1. Purpose of the share repurchase
The purpose is to enable the Company to increase shareholder returns and improve capital efficiency as well as to implement expeditious capital policy.
2. Details of share repurchase
(1) Class of shares repurchased:
Common stock of the Company
(2) Aggregate number of shares repurchased:
730,000 shares
(3) Amount repurchased:
549,690,000 yen
(4) Date of repurchase:
February 15, 2018
(5) Method of repurchase:
Repurchase through the Off-Auction Own
Share Repurchase Trading of the Nagoya
Stock Exchange (N-NET3)
(Reference)
1. Description of the resolution regarding the share repurchase adopted by the meeting of its Board of Directors held on October 27, 2017
(1) Class of shares to be repurchased:
Common stock of the Company
(2) Aggregate number of shares to be repurchased:
Up to 5 million shares
(Equivalent to 1.91% of the total number of issued
shares excluding treasury shares)
(3) Aggregate amount to be repurchased:
Up to 3.5 billion yen
(4) Period of repurchase:
From November 1, 2017 to March 30, 2018
2. Current status of the above resolution as of February 15, 2018
(1) Number of treasury shares repurchased:
(2) Aggregate amount repurchased:
2,394,600 shares 1,842,568,500 yen
(end)
Contact: +81-(0)3-3517-8618, Corporate Communications, Tokai Tokyo Financial Holdings, Inc.
Tokai Tokyo Financial Holdings Inc. published this content on 15 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 February 2018 02:40:11 UTC.
Original documenthttp://www.tokaitokyo-fh.jp/en/pressrelease/pdf/fh20180215.pdf
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Tokai Tokyo Financial Holdings Inc is a Japan-based company primarily engaged in investment and financial service business. The Company is engaged in the purchase and sale of securities, the brokerage of securities, the underwriting, sale, public offering and private offering of securities, as well as other financial product transaction businesses and financial product-related businesses. The Company is also engaged in the provision of financing and fund management services for clients in overseas markets, including Asian, American and European financial markets.