Aozora Bank, Ltd., a Japanese commercial bank, has announced the progress of the buyback of its common shares. The buyback is being conducted in accordance with the resolution passed at the Board of Directors meeting held on October 27, 2008. Details of the repurchase are as below.
(1) Repurchase period: From May 1, 2009 to May 29, 2009(2) Aggregate number of shares repurchased: None(3) Aggregate repurchase amount: None
Details of the buyback resolved at the Board of Directors meeting held on October 27, 2008:
(1) Type of shares to be repurchased: Common shares of the Bank(2) Aggregate Number of shares to be repurchased: Up to 165 million shares (10% of the total number of common shares issued and outstanding)(3) Aggregate repurchase amount: Up to 20 billion yen(4) Repurchase period: From November 17, 2008 to November 16, 2009
The total progress to date of the above-mentioned buyback for the period from the implementation date of November 17, 2008, until May 29, 2009 is as follows:
(1) Aggregate number of shares repurchased: 155,875,000 shares(2) Aggregate repurchase amount: 15,647,148,000 yen
D.C.