Chiba Bank : Announcement regarding acquisition of own shares
November 08, 2023
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CHIBA BANK NEWS
November 9, 2023
Company Name:
The Chiba Bank, Ltd.
Representative:
Tsutomu Yonemoto, President
Stock Exchange Listing:
Tokyo (code: 8331)
For Inquiry:
Taro Kanzawa,
General Manager, Corporate Planning Division
Announcement regarding acquisition of own shares
(Under the provisions of its Articles of Incorporation
pursuant to Paragraph 2, Article 165 of the Companies Act of Japan)
At the Board of Directors' Meeting held on November 9, 2023, The Chiba Bank, Ltd. resolved to acquire its own shares under Article 156, as applied pursuant to Paragraph 3, Article 165, of the Companies Act, as follows.
Reason for acquisition of own shares
To enhance shareholders' return by improving its capital efficiency.
Details of acquisition
(1)
Type of shares to be acquired
Common stock
(2)
Total number of shares to be acquired
Up to 12 million shares
(Equivalent to 1.65% of issued shares
(excluding treasury shares))
(3)
Total cost of acquisition
Up to 10.0 billion yen
(4) Period of acquisition
From November 10, 2023 to January 31, 2024
3. Reference
Position of treasury shares as of September 30, 2023
Number of issued shares (excluding treasury shares)
724,806,605
shares
Number of treasury shares
90,714,482
shares
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Disclaimer
Chiba Bank Ltd. published this content on 09 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2023 15:56:06 UTC.
The Chiba Bank, Ltd. is a banking group organized around 3 areas of activity:
- banking;
- leasing;
- other.
At the end of March 2021, the group had JPY 14,087.8 billion in current deposits and JPY 11,166.2 billion in current loans.
Products and services are marketed through a network of 186 branches mainly located in Japan (183).
THE CHIBA BANK, LTD. 
