Tokio Marine : Announcement regarding progress of the share repurchases
February 05, 2018 at 09:10 pm EST
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February 6, 2018
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 November 17, 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.
(a) Class of shares repurchased:
Common shares of the Company
(b) Number of shares repurchased: 5,348,500 shares
(c) Aggregate purchase price of the shares: 28,692,791,500 yen
(d) Period in which repurchases were made:
From January 1, 2018 through January 31, 2018
(e) Method of repurchases:
Purchased through the Tokyo Stock Exchange
(For reference)
1. Details of the resolution made by the board of directors held on November 17, 2017 are as follows.
(a) Class of shares to be repurchased: Common shares of the Company
(b) Aggregate number of shares to be repurchased: Up to 25,000,000 shares
(Represents approximately 3.4% of the total issued shares excluding treasury shares)
(c) Aggregate purchase price of the shares:
Up to 100 billion yen
(d) Period in which repurchases may be made: From December 1, 2017 through May 31, 2018
2. Details of the share repurchases made by January 31, 2018 as approved by the board of directors on November 17, 2017 are as follows.
(a) Number of shares repurchased: 9,852,500 shares
(b) Aggregate purchase price of the shares: 51,732,510,600 yen
Tokio Marine Holdings Inc. published this content on 06 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 February 2018 02:09:04 UTC.
Original documenthttp://www.tokiomarinehd.com/en/release_topics/release/h10q7e000000jkdv-att/20180206_en.pdf
Public permalinkhttp://www.publicnow.com/view/078EA464C8100932A919E59829699B2CDF29BB90
Tokio Marine Holdings, Inc. is a holding company organized around 3 areas of activity:
- non life insurance (50.3% of net sales);
- life insurance (14.2%);
- other (1.2%): primarily financial services.
The remaining sales (34.3%) concerns the international insurance activities.