TOKYO, Mar 19 (Pulse News Wire) – THE Tohoku Bank,ltd. (8349.T) announced today that it has revised the issue price of its Series A Preferred Shares issued through a private placement on September 28, 2012.
According to the bank, the revised acquisition cost for the shares is now ¥1,480. Previously, the acquisition cost was set at ¥1,651.
The adjustment takes effect from March 20, 2026 onwards. The revision is based on the provisions outlined in the issuance conditions of the preferred shares, which allow for adjustments to the acquisition cost under certain circumstances.
This move reflects the ongoing management of the bank's capital structure and aligns with regulatory requirements for maintaining adequate capital levels.
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