THE Tohoku BANK Revises Purchase Price for Preferred Shares

TOKYO, Jul 17 (Pulse News Wire) – THE Tohoku Bank,ltd. (8349.T) revised the purchase price for its First Series Preferred Shares issued through a private placement on September 28, 2012.

The bank announced that the corrected acquisition cost for the shares is now ¥1,441. Previously, the acquisition cost was set at ¥1,396.

The revision takes effect on July 18, 2026, according to the bank's statement. This adjustment aligns with the provisions outlined in the issuance conditions of the preferred shares, which allow for such revisions based on predefined criteria.

The Tohoku Bank did not specify further details regarding the reasons behind the change but emphasized adherence to established regulations governing the share issuance.