Tokio Marine : Announcement regarding progress of the share repurchases (27KB
April 03, 2024 at 02:07 am EDT
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April 3, 2024
Tokio Marine Holdings, Inc.
President: Satoru Komiya
Securities Code: 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, 2023 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:
2,770,800 shares
Aggregate purchase price of the shares: 12,889,463,200 yen
Period in which repurchases were made: From March 1, 2024 through March 31, 2024
Method of repurchases:
Purchased through the Tokyo Stock Exchange
(For reference)
Details of the resolution made by the board of directors held on November 17, 2023 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 40,000,000 shares
(Represents approximately 2.0% of the total issued shares excluding treasury shares)
(c) Aggregate purchase price of the shares: Up to 70 billion yen
(d) Period in which repurchases may be made: From November 20, 2023 through May 15, 2024
Details of the share repurchases made by March 31, 2024 as approved by the board of directors on November 17, 2023 are as follows.
(a) Number of shares repurchased: 2,770,800 shares
(b) Aggregate purchase price of the shares: 12,889,463,200 yen
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Tokio Marine Holdings Inc. published this content on
03 April 2024 and is solely responsible for the information contained therein. Distributed by
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03 April 2024 06:06:01 UTC.
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.
TOKIO MARINE HOLDINGS, INC. 
