[Sumitomo Mitsui Financial Group, Inc.]Notice regarding Repurchase and Cancellation of Public Fund Preferred Stocks(1/1)
Sumitomo Mitsui
Financial Group, Inc.
Notice
regarding Repurchase and Cancellation of Public Fund Preferred Stocks
Tokyo,
May 12, 2006 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Teisuke
Kitayama) hereby announces that SMFG’s Board of Directors resolved at a meeting
today to repurchase and cancel its Type 1 preferred stock and part of its Type
2 preferred stock (aggregate amount of repurchase: approximately JPY 275.9
billion) owned by the Resolution and Collection Corporation (RCC) as described
below, and obtained an approval of the relevant authorities for the repurchase
today.
The
repurchase of the preferred stocks is to be executed within SMFG’s own stock repurchase
limit approved at its annual general shareholders’ meeting held in June 2005.
In addition,
SMFG intends to cancel those shares of the preferred stocks upon repurchase.
PARTICULARS
Details
of Repurchase and Cancellation
1.
Type 1 Preferred Stock
(1) Number of Shares to Be Repurchased
|
|
: 35,000 shares
|
|
(2) Repurchase Price
|
|
: JPY 4,056,000 per share
|
|
(3) Total Amount of Repurchase
|
|
: JPY 141,960,000,000
|
|
(4) Repurchase from
|
|
: RCC
|
|
(5) Repurchase Date (Scheduled)
|
|
: May 17, 2006
|
|
2.
Type 2 Preferred Stock
(1) Number of Shares to Be Repurchased
|
|
: 33,000 shares
|
|
(2) Repurchase Price
|
|
: JPY 4,059,300 per share
|
|
(3) Total Amount of Repurchase
|
|
: JPY 133,956,900,000
|
|
(4) Repurchase from
|
|
: RCC
|
|
(5) Repurchase Date (Scheduled)
|
|
: May 17, 2006
|
|
（REFERENCE）
Summary of the public fund preferred
stocks to be repurchased:
Type of Preferred Stock
|
Type 1 Preferred Stock
|
Type 2 Preferred Stock
|
Original Date of Issue
|
March 31, 1999
|
March 31, 1999
|
Number of Shares Issued
|
67,000 shares
|
100,000 shares
|
Issue Price
|
JPY 3,000,000 per share
|
JPY 3,000,000 per share
|
Aggregate Amount Issued
|
JPY 201 billion
|
JPY 300 billion
|
Number of Shares Outstanding
Immediately Prior to This Repurchase
|
35,000 shares
|
100,000 shares
|
Aggregate Amount Outstanding
Immediately Prior to This Repurchase
|
JPY 105 billion
|
JPY 300 billion
|
Summary of the
public fund preferred stock other than the above:
Type of Preferred Stock
|
Type 3 Preferred Stock
|
Original Date of Issue
|
March 31, 1999
|
Number of Shares Issued
|
800,000 shares
|
Issue Price
|
JPY 1,000,000 per share
|
Aggregate Amount Issued
|
JPY 800 billion
|
Number of Shares Outstanding
as of the Date hereof
|
695,000 shares
|
Aggregate Amount Outstanding
as of the Date hereof
|
JPY 695 billion
|
