The Chiba Kogyo Bank, Ltd.
Notice of Completion of Acquisition and Cancellation of the 1st Series Seventh Class Preferred Shares
Acquired and cancelled all 481,500 shares of the 1st Series Seventh Class Preferred Shares; total acquisition cost was 24,076,189,305 yen; acquisition and cancellation date was April 1, 2026.
Key Figures
- Total Number of Shares Acquired and Cancelled: 481,500 shares (all issued 1st Series Seventh Class Preferred Shares)
- Total Acquisition Cost of Shares: 24,076,189,305 yen
- Acquisition Cost per Share (Base Price): 50,002.47 yen
AI要約
Overview of Capital Policy
Chiba Kogyo Bank, Ltd. acquired and cancelled all 481,500 issued shares of the 1st Series Seventh Class Preferred Shares based on the notice announced on February 10, 2026, regarding the acquisition and cancellation of these shares. The consideration for the acquisition was cash, with an acquisition cost per share of 50,002.47 yen, and a total acquisition cost of 24,076,189,305 yen. The procedures for acquisition and cancellation were completed on April 1, 2026.
Impact on Shareholders
As a result of this acquisition and cancellation, all 1st Series Seventh Class Preferred Shares have been cancelled, thereby reducing the number of outstanding shares. The acquisition cost includes the paid-in amount of 50,000 yen per share plus accrued preferred dividend of 2.47 yen per share. This is expected to advance a review of the capital structure, although specific dilution rates or details of fund usage are not disclosed.
