The Bank of Iwate, Ltd.
Notice Regarding Stock Split and Partial Amendment of Articles of Incorporation Accompanying the Stock Split
A stock split will be conducted on the record date of March 31, 2026, splitting one share into four shares, increasing the total number of shares issued from 18,497,786 shares to 73,991,144 shares. The total number of authorized shares will also be changed from 49.45 million shares to 197.8 million shares.
Key Figures
- Total Shares Issued Before Stock Split: 18,497,786 shares
- Total Shares Issued After Stock Split: 73,991,144 shares
- Change in Total Authorized Shares: From 49.45 million shares to 197.8 million shares
AI要約
Overview of the Stock Split
The Iwate Bank, Ltd. resolved to conduct a stock split on the record date of March 31, 2026, where one share will be split into four shares. As a result, the total number of shares issued will increase from 18,497,786 shares to 73,991,144 shares. The purpose of the stock split is to reduce the amount per investment unit, making investment more accessible, thereby improving stock liquidity and expanding the investor base. There is no change in the amount of capital. The effective date will be April 1, 2026.
Partial Amendment of Articles of Incorporation and Impact on Shareholders
Accompanying the stock split, the total number of authorized shares will be changed in accordance with Article 184, Paragraph 2 of the Companies Act, from the current 49.45 million shares to 197.8 million shares. The effective date will be April 1, 2026. Shareholders are not required to take any special procedures, and dividends will be paid based on the number of shares before the stock split. There will be no trading suspension period, and the last trading day at the pre-split share price and share count will be March 27, 2026.
