Kyushu Financial : Notice Concerning Decision on Matters Related to Treasury Stock Acquisition
September 15, 2021 at 03:02 am
Share
August 27, 2021
To our shareholders,
Company
Kyushu Financial Group, Inc.
Representative
Yoshihisa Kasahara, President and CEO
Stock code
7180 TSE First Section and FSE
Contact
Shinichi Yamakata, Executive Officer,
General Manager of Corporate
Planning Dept. (Tel: 096-326-5588)
Notice Concerning Decision on Matters Related to Treasury Stock Acquisition
(Acquisition of treasury stock based on the provisions of the Articles of Incorporation pursuant to the provisions of Article 165, Paragraph 2 of the Companies Act)
Based on the provisions of Article 156 of the Companies Act, which is applied by its phrase being replaced by the provisions of Article 165, Paragraph 3 of the Companies Act, Kyushu Financial Group, Inc. ("the Company") resolved on matters related to the acquisition of treasury stock at the board of directors meeting held on August 27, 2021 as follows.
Reason for acquiring treasury stock
By the flexible capital policy, the Company aims to return profits to shareholders through improving capital efficiency.
Contents of matters related to acquisition
(1) Types of shares to be acquired:
Common stock
(2)
Total number of shares that can be acquired:
8,000,000 shares (maximum)
(1.82% of the total number of issued
shares (excluding treasury stock))
(3)
Total acquisition price of shares:
3 billion yen (maximum)
(4) Acquisition period:
September 1, 2021 to March 24, 2022
(Reference)
1. Treasury stock holding status as of March 31, 2021
Total number of issued shares (excluding treasury stock):
439,911,278 shares
Number of treasury stock:
23,464,700 shares
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Disclaimer
Kyushu Financial Group Inc. published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2021 02:01:06 UTC.
Kyushu Financial Group Inc is a Japan-based company mainly engaged in the provision of financial services such as banking business, leasing business, credit card business, credit guarantee business and financial product transaction business. The Company operates in two business segments. The Banking segment is engaged in the deposit business, lending business, foreign exchange business, securities business, among others. The Leasing segment is engaged in leasing and lending business. The others include credit card business, outsourcing of calculation and software development business, credit guarantee business, and financial product transaction business.
KYUSHU FINANCIAL GROUP,INC. 
