Disposal of Preferred Shares of Resona Holdings

Press Release

Date: July 25, 2014

  1. Resona Holding, Inc. (“Resona Holdings”) made a request recently to the Deposit Insurance Corporation of Japan (“DICJ”) to sell preferred shares of Resona Holdings that it holds pursuant to the Deposit Insurance Act.
  2. The DICJ considered the request based on its “Immediate Guideline for Disposal of Preferred Shares and other Capital-Raising Instruments Acquired through Capital Injection with Public Fund” announced in October 2005, and did not find any special problems in view of the following:
    • The soundness of management of the financial institution;
    • Avoiding public costs; and
    • Financial system stability.
    Therefore the DICJ made an application for disposal of the shares to the Commissioner of the Financial Service Agency and the Minister of Finance, and the application was approved today.
  3. Based on this approval, the DICJ makes a contract with Resona Holdings today with respect to the transfer of those preferred shares, and the DICJ sells those shares and implements the disposal as outlined below.
Outline of the related preferred shares
Name of shares First Series of Class Three Preferred Shares pursuant to the Deposit Insurance Act
Total amount issued ¥550,000,000,000
Number of shares issued 275,000,000 shares
Issue price ¥2,000 per share
Amount currently held ¥196,000,000,000
Number of shares currently held 98,000,000 shares


Outline of the disposal (sale) of related preferred shares
Name of shares First Series of Class Three Preferred Shares pursuant to the Deposit Insurance Act
Book value of disposal ¥196,000,000,000
Number of shares disposed 98,000,000 shares
Disposal price ¥2,397.40 per share
Total amount of disposal ¥234,945,200,000
Expected date of disposal July 30, 2014

Top of Page