|Resona Holdings, Inc. (“Resona Holdings”) made a request to the Deposit Insurance Corporation of Japan (“DICJ”) to sell the ordinary shares of Resona Holdings held by the DICJ.
|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 the 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 Holding’s ordinary shares, Resona Holdings will acquire them by the purchase of own shares through off-auction own share repurchase transaction (ToSTNet-3). In response to this purchase, the DICJ intends to sell the ordinary shares of Resonal Holdings held by the DICJ through this transaction.