News Release


[Sumitomo Mitsui Financial Group, Inc.]Notice regarding Acquisition and Cancellation of First Series Type 6 Preferred Stock(1/1)

Sumitomo Mitsui Financial Group, Inc.

 

 

Notice regarding Acquisition and Cancellation of First Series Type 6 Preferred Stock

 

 

TOKYO, February 28, 2011 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Teisuke Kitayama) hereby announces that SMFGfs Board of Directors resolved at a meeting today to acquire and cancel its First Series Type 6 preferred stock (total issue price: JPY 210,003 million) as described below.

 

The acquisition of the preferred stock is to be executed pursuant to Article 18 of the Articles of Incorporation of SMFG.

 

In addition, SMFG intends to cancel those shares of the preferred stock upon acquisition pursuant to Article 178 of the Companies Act.

 

 

 

PARTICULARS

 

 

 

1. Details of Acquisition

(1) Class of Shares to be Acquired

 

: First Series Type 6 Preferred Stock

(2) Total Number of Shares to Be Acquired

 

: 70,001 shares

(3) Acquisition Price

 

: JPY 3,000,000 per share

(4) Total Amount of Acquisition

 

: JPY 210,003,000,000

(5) Acquisition Date

 

: April 1, 2011

 

2. Details of Cancellation

(1) Class of Shares to be Cancelled

 

: First Series Type 6 Preferred Stock

(2) Total Number of Shares to Be Cancelled

 

: 70,001 shares

(all of the First Series Type 6 Preferred Stock to be acquired, as described in 1. above)

(3) Effective Date

 

: April 1, 2011

(4) Cancellation shall be subject to SMFGfs acquisition of all of the First Series Type 6 Preferred Stock described in 1. above.

 

 

iREFERENCEj Summary Terms of First Series Type 6 Preferred Stock :

Type of Preferred Stock

First Series Type 6 Preferred Stock

Date of Issue

March 29, 2005

Number of Shares Issued

70,001 shares

Issue Price

JPY 3,000,000 per share

Aggregate Amount Issued

JPY 210,003 million

 




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