News Release


Notice Regarding Issuance of New Shares(1/1)

 

 

 

Sumitomo Mitsui Banking Corporation

 

 

Notice Regarding Issuance of New Shares

 

 

TOKYO, January 28, 2010 --- Sumitomo Mitsui Banking Corporation (“SMBC” President: Masayuki Oku) hereby announces that its board of directors has resolved to issue new shares of its common stock by way of third-party allotment to Sumitomo Mitsui Financial Group, Inc. (“SMFG”, as set forth below.

 

PARTICULARS

 

(1) Class and Number of Shares to be Offered

20,016,015 shares of common stock of SMBC

(2) Amount to be Paid

¥48,365 per share

(3) Total Amount to be Paid

¥968,074,565,475

(4) Amount of Stated Capital and Additional Paid-in Capital
to be Increased

The amount of stated capital to be increased:                        ¥484,037,282,738
The amount of additional paid-in capital to be increased:    ¥484,037,282,737

(5) Subscription Period

February 15, 2010 (Mon.)

(6) Payment Date

February 16, 2010 (Tue.)

(7) Allottee

SMFG in its entirety by way of third-party allotment

(8) Shares not subscribed within the subscription period in (5) above shall not be issued.

(9) Any other matters necessary for the issuance of new shares by way of third-party allotment shall be determined at the discretion of a Representative Director of SMBC.

(10) The issuance of new shares by way of third-party allotment shall be subject to the effectiveness of their registration under the Financial Instruments and Exchange Act of Japan and to the amendment of the Articles of Incorporation of SMBC in order to increase the Total Number of Authorized Shares in a Class of ordinary shares to 120,000,000 shares (Note).

  (Note) The amendment of the Articles of Incorporation described above has been resolved at the shareholder meeting and the Class meetings of SMBC as of today.

SMFG intends to use the proceeds from the issuance of its new shares resolved at its board of directors meeting held on January 6, 2010, to subscribe for shares of common stock to be issued by way of third-party allotment as described above. Accordingly, depending on the amount of such proceeds, a portion of the shares to be issued may not be subscribed for, which could lead to a reduction in the ultimate number of shares to be issued by way of third-party allotment due to forfeiture.

 


Reference

1. Change in the number of issued shares as a result of this issuance of new shares by way of third-party allotment

(1) Total number of issued shares at present
(as of December 31, 2009):

Common Stock
Type 6 Preferred Stock

86,232,385 shares
70,001 shares

 

Total:

86,302,386 shares

(2) Increase in number of shares by way of third-party allotment:

Common Stock

20,016,015 shares

(3) Total number of issued shares after the third-party allotment:

Common Stock
Type 6 Preferred Stock

106,248,400 shares
70,001 shares

 

Total:

106,318,401 shares

 

2. Use of proceeds

The estimated proceeds from the third-party allotment of 964,686,165,475 are planned to be used for general corporate purposes.

 

3. Outline of the company to which the new shares are to be allocated

(as of December 31, 2009)

Company name:

Sumitomo Mitsui Financial Group, Inc.

Head office address:

1-2, Yurakucho 1-chome, Chiyoda-ku, Tokyo, Japan

Amount of Stated Capital:

¥1,851,389 million

Representative:

President: Teisuke Kitayama

Business description:

Bank holding company

Capital relationship with SMBC:

SMBC’s parent company (share ownership 100%)

 

 

 




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