Gunma Bank : Announcement regarding situation for acquisition of own shares
January 04, 2022 at 01:29 am
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GUNMA BANK NEWS
January 4, 2022
Company Name:
The Gunma Bank, Ltd.
Representative:
Akihiko Fukai, President
Stock Exchange Listing:
Tokyo (code: 8334)
For Inquiry:
Takeo Uchibori, Managing Executive Officer and General Manager,
Corporate Planning Department
Announcement regarding situation for acquisition of own shares
(Under the provisions of its Articles of Incorporation pursuant to Paragraph 2, Article 165 of the Corporate Law of Japan)
The Gunma Bank, Ltd. has acquired its own shares under Article 156, as applied pursuant to Paragraph 3, Article 165, of the Corporate Law, as follows.
Type of acquired shares
Common shares
Period of acquisition
From December 1, 2021 to December 31, 2021
Total number of shares acquired
2,302,000 shares
Total cost of acquisition
789,908,200 yen
Method of acquisition of shares
Market purchase at the Tokyo Stock Exchange
(purchase through off-auction own share repurchase trading
(ToSTNeT-3) and purchase at the market based on a
discretionary account trading contract for the acquisition of
treasury shares)
（Reference）
1. Resolution of the Board of Directors' Meeting held on November 8, 2021
(1)
Type of shares to be acquired
Common shares
(2)
Total number of shares to be acquired
Up to 10.0 million shares
(Equivalent to 2.37% of issued shares
(excluding treasury shares))
(3)
Total cost of acquisition
Up to 3.5 billion yen
(4)
Period of acquisition
From November 9, 2021 to January 28, 2022
2. Total number of acquired own shares based on the resolution of the Board of Directors'
Meeting held on November 8, 2021 (as of December 31, 2021)
(1)
Total number of shares acquired
7,561,000 shares
(2)
Total cost of acquisition
2,619,012,900 yen
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Gunma Bank Ltd. published this content on 04 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2022 06:28:17 UTC.
Gunma Bank Ltd is a Japan-based regional bank that operates in two business segments. The Banking Business segment is engaged in deposit and lending operations as well as securities investment, domestic and foreign exchange, over-the-counter sales of public bonds, investment trusts, and insurance products, and trust services, to provide financial products and services to local customers. The segment is also engaged in lending and other banking services. The Leasing segment is engaged in the provision of financial services, including leasing services, mainly to customers in the local community. The Company is also engaged in transportation of goods, maintenance of automated teller machines, securities, guarantees, management consulting, and fund formation and management.
THE GUNMA BANK, LTD. 
