July 5, 2017 Tokio Marine Holdings, Inc. President: Tsuyoshi Nagano TSE code number: 8766
Announcement regarding progress 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 May 19, 2017 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.
Class of shares repurchased:
Common shares of the Company
Number of shares repurchased: 1,864,900 shares
Aggregate purchase price of the shares: 9,073,915,500 yen
Period in which repurchases were made:
From June 1, 2017 through June 30, 2017
Method of repurchases:
Purchased through the Tokyo Stock Exchange (For reference)
Details of the resolution made by the board of directors held on May 19, 2017 are as follows.
Class of shares to be repurchased:
Common shares of the Company
Aggregate number of shares to be repurchased:
Up to 6,500,000 shares
(Represents approximately 0.9% of the total issued shares excluding treasury shares)
Aggregate purchase price of the shares:
Up to 25 billion yen
Period in which repurchases may be made: From June 1, 2017 through September 22, 2017
Tokio Marine Holdings Inc. published this content on 05 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 July 2017 02:09:03 UTC.
Original documenthttp://www.tokiomarinehd.com/en/release_topics/release/h10q7e000000hzdh-att/Announcement_regarding_progress_of_the_share_repurchases.pdf
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