(Purchase of own shares as treasury stock pursuant to Article 235, Paragraph 2 and Article 234, Paragraphs 4 and 5 of Japan's Companies Act)
Mizuho Financial Group, Inc. (the "Company") hereby announces that the Company today decided the treatment of the fractions of less than one share resulting from the consolidation of the shares of common stock (the "Share Consolidation") pursuant to Article 235, Paragraph 2 and Article 234, Paragraphs 4 and 5 of Japan's Companies Act as outlined below.
1. Summary of the Purchase
The Company, in accordance with the resolution of its 18th ordinary general meeting of shareholders held on June 25, 2020, adopted the Share Consolidation, effective as of October 1, 2020, on the basis of one post-consolidation share per ten pre-consolidation shares.
With respect to the fractions of less than one share resulting from the Share Consolidation, the Company today decided to purchase them as treasury stock pursuant to Article 235, Paragraph 2 and Article 234, Paragraphs 4 and 5 of Japan's Companies Act (the "Purchase").
2. Details of the Purchase
| (1) Class of shares to be purchased | : The Company's common stock |
| (2) Total number of shares to be purchased | : 23,421 shares |
| (3) Total amount to be delivered in exchange for the Purchase | : The amount equal to the total number of shares to be purchased multiplied by the closing price of the shares of the Company's common stock on the Tokyo Stock Exchange on the date of the Purchase. |
| (4) Date of the Purchase | : October 20, 2020 |
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