(Under the Provision of its Articles of Incorporation
pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)
T&D Holdings, Inc. (President: Hirohisa Uehara, "the Company") of the T&D Insurance Group hereby announces that its Board of Directors has resolved at its meeting held on November 12, 2021, the acquisition of treasury shares under the provision Article 156 of the Companies Act of Japan, as applied pursuant to Article 165, Paragraph 3 of the same, as follows:
Reasons for the acquisition of treasury shares
To enhance shareholder return and improve capital efficiency.
Details of the acquisition
(1)
Type of shares to be acquired
: Shares of common stock
(2)
Number of shares to be acquired
: Up to 55,000,000 shares
(9.44% of total shares outstanding (excluding treasury shares))
(3)
Total amount of acquisition
: Up to 40 billion yen
(4)
Period of acquisition
: From November 15, 2021, to May 12, 2022
(5)
Method of acquisition
: Open-market repurchase by the discretionary trading method
(Reference) Status of treasury shares held by the company as of October 31, 2021
(1)
Total number of shares issued (excluding treasury shares)
:
582,934,692 shares
(2)
Number of treasury shares*
:
6,065,308 shares
The number of treasury shares includes 1,453,900 shares that remain in the Board Incentive Plan Trust (BIP Trust), which are recorded as treasury shares in shareholders' equity.
T&D Holdings Inc. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 06:16:14 UTC.
T&D HOLDINGS INC. 
