|Resona Holdings, Inc. (“Resona Holdings”) made a request today to the Deposit Insurance Corporation of Japan (“DICJ”) to sell all of the ordinary shares and part of preferred shares of Resona Holdings that it holds pursuant to the Deposit Insurance Act.
|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 Funds” announced in October 2005, and did not find any special problems in view of the following:
Therefore the DICJ made an application for disposal of shares to the Commissioner of the Financial Services Agency and the Minister of Finance, and the application was approved today.
- The soundness of management of the financial institution;
- Avoiding public costs; and
- Financial system stability.
|Regarding the disposal of Resona Holdings’ ordinary shares, Resona Holdings will make an order to purchase its own shares through the Closing Price Trading (ToSTNeT-2) on the Tokyo Stock Exchange, and the DICJ intends to place a sale order as described in 1 below.
|Regarding the disposal of Resona Holdings’ preferred shares, the Resonal Holdings will acquire and cancel them as described in 2 below.