29.01.2015, 11:15
Nomura Approves Share Buyback Program
OREANDA-NEWS. Nomura Holdings, Inc. today announced that its Board of
Directors approved a resolution to set up a share buyback program, pursuant to the
company’s articles of incorporation set out in accordance with Article 459-1 of the
Companies Act of Japan.
The share buyback program will run from February 16, 2015, to March 27, 2015, and have an upper limit of 40 million shares of Nomura Holdings common stock, or 1.0 percent of outstanding shares. Of this, approximately 5 million shares are expected to be used for stock options. The upper limit of the aggregate amount of the repurchase price will be 30 billion yen, and the shares will be purchased on the stock exchange via a trust bank.
Nomura plans to use the acquired treasury stock to deliver shares upon the exercise of stock options and to raise capital efficiency and ensure a flexible capital management policy.
As of December 31, 2014, Nomura Holdings had 3,822,562,601 outstanding shares including 178,580,805 shares as treasury stock.
The share buyback program will run from February 16, 2015, to March 27, 2015, and have an upper limit of 40 million shares of Nomura Holdings common stock, or 1.0 percent of outstanding shares. Of this, approximately 5 million shares are expected to be used for stock options. The upper limit of the aggregate amount of the repurchase price will be 30 billion yen, and the shares will be purchased on the stock exchange via a trust bank.
Nomura plans to use the acquired treasury stock to deliver shares upon the exercise of stock options and to raise capital efficiency and ensure a flexible capital management policy.
As of December 31, 2014, Nomura Holdings had 3,822,562,601 outstanding shares including 178,580,805 shares as treasury stock.
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