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Press Release
Press Release
September 29, 2014
Notice of Share Repurchase
JAPAN POST BANK Co., Ltd. (Chiyoda-ku, Tokyo; Director, President and Representative Executive Officer Yoshiyuki Izawa) has announced that it has decided, as part of the Group-wide capital policies of JAPAN POST HOLDINGS Co., Ltd. to acquire its own shares on September 30, 2014 pursuant to a share transfer request from JAPAN POST HOLDINGS Co., Ltd. This request was submitted after JAPAN POST BANK Co., Ltd. notified JAPAN POST HOLDINGS Co., Ltd. of resolutions passed at a Board of Directors meeting held on September 18, 2014 concerning the matters set forth below with respect to the share repurchase. Those resolutions were passed in accordance with a proposal regarding the share repurchase that was approved at the Shareholders' Meeting held on September 17, 2014. Details are as follows.
1. Reasons for Share Repurchase
To provide shareholder returns, among other reasons
2. Matters Related to the Acquisition of Own Shares
| Type of Shares to Be Acquired | Common shares |
|---|---|
| Number of Shares to Be Acquired | 25,017,500 shares (representing 16.67% of the total number of issued and outstanding common shares of 150,000,000) |
| Total Share Acquisition Value | ¥1,299,999,363,000 |
| Share Acquisition Date | September 30, 2014 |
