MS& Insurance : Notice Regarding Status of Own Share Repurchase
February 01, 2022 at 01:42 am EST
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February 1, 2022
Name of Listed Company:
MS&AD Insurance Group Holdings, Inc.
Name of Representative:
Noriyuki Hara, President & CEO
(Securities Code: 8725, Tokyo Stock Exchange and Nagoya Stock Exchange)
Contact:
Corporate Communications and Investor Relations Dept.
https://www.ms-ad-hd.com/en/ir/contact.html
Notice Regarding Status of Own Share Repurchase
(Repurchase of company's own shares according to the articles of incorporation pursuant to Article 165,
Paragraph 2 of the Companies Act of Japan)
MS&AD Insurance Group Holdings, Inc. (the "Company") hereby announces that pursuant to Article 156 of the Companies Act of Japan as modified by the provision of Article 165, Paragraph 3 of the same Act, the Company has repurchased its own shares as below.
1.
Type of shares repurchased:
Shares of common stock of the Company
2.
Total number of shares repurchased:
2,322,400 shares
3.
Aggregate amount of repurchase price:
JPY 9,074,392,000
4.
Period of repurchase:
From January 1, 2022 to January 31, 2022
5.
Method of repurchase:
Market transaction on the Tokyo Stock Exchange
＜Reference＞
1. Contents of the resolution of the meeting of the Board of Directors held on November 19, 2021
(1)
Type of shares to be repurchased:
Shares of common stock of the Company
(2)
Total number of shares to be repurchased:
10,000,000 shares (Maximum)
(1.80% of the shares issued, excluding treasury shares)
(3) Aggregate amount of repurchase price:
JPY 25,000,000,000 (Maximum)
(4)
Period of repurchase:
From November 22, 2021 to March 24, 2022
2. Cumulative aggregate number of and aggregate amount of repurchase price of shares that were repurchased pursuant
to the above resolution of the meeting of the Board of Directors
(1)
Aggregate number of shares that were repurchased:
4,648,000 shares
(2)
Aggregate amount of repurchase price:
JPY 16,999,785,100
- End -
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Disclaimer
MS&AD Insurance Group Holdings Inc. published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2022 06:41:07 UTC.
MS&AD Insurance Group Holdings, Inc. is a japaneese insurance group. Revenues break down by activity as follows:
- non life insurance (58.5%): primarily automotive insurance, fire insurance, compulsory automobile liability insurance, accident insurance and marine insurance;
- life insurance (26.4%; n°1 in Japan);
- other (0.3%).
The remaining revenues (14.8%) are from international activities.
MS&AD INSURANCE GROUP HOLDINGS, INC. 
