Tokio Marine : Announcement regarding progress and completion of the share repurchases (26KB)PDF
September 06, 2022 at 11:20 pm EDT
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September 7, 2022
Tokio Marine Holdings, Inc.
President: Satoru Komiya
Securities Code: 8766
Announcement regarding progress and completion 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 May 20, 2022 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.
The Company also announces the completion of the share repurchases which were approved by its board of directors on May 20, 2022.
Class of shares repurchased: Common shares of the Company
Number of shares repurchased:
417,500 shares
Aggregate purchase price of the shares: 3,196,434,200 yen
Period in which repurchases were made:
From September 1, 2022 through September 5, 2022
(e) Method of repurchases:
Purchased through the Tokyo Stock Exchange
(For reference)
Details of the resolution made by the board of directors held on May 20, 2022 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 12,500,000 shares
(Represents approximately 1.8% of the total issued shares excluding treasury shares)
(c) Aggregate purchase price of the shares: Up to 50 billion yen
(d) Period in which repurchases may be made:
From May 23, 2022 through September 22, 2022
Details of the share repurchases made by September 5, 2022 as approved by the board of directors on May 20, 2022 are as follows.
(a) Number of shares repurchased: 6,606,700 shares
(b) Aggregate purchase price of the shares: 49,999,287,900 yen
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Tokio Marine Holdings Inc. published this content on 07 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2022 03:19:02 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.