Suruga Bank Ltd.
Notice Regarding Share Cancellation of Treasury Stock
Suruga Bank announced the cancellation of 25,000,000 common shares (12.68% of total issued shares) scheduled for May 14, 2026.
Key Figures
- Number of shares to be cancelled: 25,000,000 shares (12.68% of total issued shares)
- Scheduled cancellation date: 2026-05-14
- Total issued shares after cancellation: 172,139,248 common shares
AI要約
Overview of Capital Policy
Suruga Bank Ltd. resolved at its Board of Directors meeting on April 24, 2026, to cancel treasury stock pursuant to Article 178 of the Companies Act. The shares subject to cancellation are 25,000,000 common shares, which represent 12.68% of the total issued shares before cancellation. The scheduled cancellation date is May 14, 2026. Following the cancellation, the total number of issued shares will be 172,139,248.
Impact on Shareholders
The cancellation of treasury stock will reduce the number of issued shares, which is expected to enhance per-share value and mitigate dilution. Specific use of funds or purposes are not stated and remain unknown. The cancellation will be conducted through formal procedures based on the Companies Act.
Suruga Bank Ltd.
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