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Nomura Acquires Nomura Research Institute Shares (Securities Code 4307)
June 28, 2023
Nomura Holdings, Inc.
Tokyo, June 28, 2023 - Nomura Holdings, Inc. (Nomura) today announced that wholly owned subsidiary Nomura Properties, Inc. (NPR) resolved at its annual general meeting of shareholders to distribute a portion of the shares it holds in Nomura Research Institute, Ltd. (NRI) to Nomura in the form of dividends in kind.
The acquisition constitutes not less than five percent of NRI shares on a voting rights basis, and is therefore considered a "buying up" of shares equivalent to a tender offer under Article 167, paragraph (1) of the Financial Instruments and Exchange Act and Article 31 of the Enforcement Order of the act.
By acquiring the shares, Nomura aims to drive efficiencies in the management of its equity holdings. Since the total number of NRI shares held by Nomura will remain the same on a consolidated basis after the acquisition, NRI will continue to be an equity method affiliate of Nomura.
Details of the dividends in kind are as follows.
Dividends in Kind from NPR
| NRI shares | 46,583,000 shares of common stock (7.87% of total outstanding shares1) Effective date of distribution of the dividends in kind : June 28, 2023 |
1 Number of outstanding shares calculated as 591,693,073 shares after excluding treasury stock from total outstanding shares of 593,652,242 as of March 31, 2023.
The acquisition date of the shares is scheduled to be June 30, 2023.
Nomura
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
