Daiwa Securities Group Inc
27 January 2006
January 27, 2006
Daiwa Securities Group Inc.
Regarding Limit for Repurchase of Own Shares
(Under Article 211-3(1)(ii) of the Commercial Code)
Daiwa Securities Group Inc. resolved the limit for repurchase of own shares
pursuant to Article 211-3(1)(ii) of the Commercial Code of Japan at the Board of
Directors meeting held today.
1. Reasons for setting limit for repurchase
In order to implement flexible capital strategies responding to changes in
business environment and for the purpose of granting stocks for stock options
for officers and employees of the Daiwa Securities Group.
2. Details of limit for repurchase
(1) Type of shares: Common shares
(2) Total number of shares: Up to 10 million
shares
(0.75% of total
number of shares
outstanding)
(3) Total amount of acquisition price of shares: Up to 20 billion yen
(4) Effective period: From January 31,
2006 to March 31,
2006
(For reference)
Number of shares owned by Daiwa Securities Group Inc. as of December 31, 2005
Total number of shares outstanding 1,331,744,398 shares
Number of shares owned by Daiwa Securities Group Inc. 1,245,724 shares
This information is provided by RNS
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