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Japan’s SMFG issues new shares worth $23.89m
The move is part of its stock compensation plans.
Sumitomo Mitsui Financial Group (SMFG) issued 341,902 new shares on 5 July.
The shares are classified as common stock. They were issued at JPY11,245 per share, with the total issue price being over JPY3.84b.
Allottees include 4 directors of SMFG, at 18,079 shares; 13 corporate executive officers, at 18,902 shares; 45 executive officers, at 42,820 shares; 23 directors of SMFG’s subsidiaries, with 39,118 shares; and 188 executive officers of SMFG’s subsidiaries, at 222,983 shares.
The move is part of SMFG’s stock compensation plans, under its executive compensation programme.
(US$1 = JPY160.9)
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